Clothing retailers are adding more in-store bars, encouraging shoppers to mix Happy Hour and holiday errands.» Read More
With shoppers turning more and more to the Web, discount retailers are lagging behind full-priced stores in their e-commerce presence.
The flagship Saks Fifth Avenue store in New York City will get a major makeover, as part of the $2.4 billion acquisition of Saks by Hudson's Bay Co. of Canada.
CNBC's Courtney Reagan talks with Richard Baker, Hudson's Bay CEO, about the purchase of Saks, Hudson's Bay plans for expansion and growth strategy going forward.
Luxury retailers’ outlet stores may soon give traditional department stores a run for their money.
Oct 9- J.C. Penney Co Inc said on Wednesday that departing Saks Inc Chief Executive Stephen Sadove will become a director once he leaves his current job, in the latest change that brings more retail experience to the struggling department store chain's board.
Some of the names on the move ahead of the open.
Oct 9- J.C. Penney Co Inc said on Wednesday that Stephen Sadove will join its board of directors once he leaves the helm of department store chain Saks Inc. Sadove plans to leave Saks once it is acquired by Hudson's Bay Co. In August, Sadove declined to comment on whether he would consider becoming Penney's CEO.
Sept 16- Hudson's Bay Co said on Monday that Harrods executive Marigay McKee will become president of Saks Inc after the Canadian retailer acquires the upscale U.S. department store operator.
Sept 16- Saks Inc said on Monday that Chairman and Chief Executive Officer Stephen Sadove and President and Chief Merchant Ronald Frasch are set to leave the department store chain once it is acquired by Hudson's Bay Co. The $2.4 billion deal, announced in July, has been approved by each company's board and is expected to close before the end of the year.
TORONTO, Sept 12- Retailer Hudson's Bay Co reported higher quarterly sales and a small adjusted profit on Thursday as robust demand for apparel at its Canadian namesake stores offset lower traffic at its Lord& Taylor chain in the United States.
Pastels, cutouts and florals ruled the runway as Fashion Week kicked off in New York, showcasing the latest looks for the spring 2014 season.
NEW YORK/ TORONTO, Sept 9- The owners of Neiman Marcus Inc agreed to sell the U.S. luxury department store chain to two private investors for $6 billion, almost $1 billion more than they paid for the company in 2005..
Neiman Marcus is the second major U.S. luxury retailer to be sold in a deal involving a Canadian firm in two months.
Sept 9- The owners of Neiman Marcus Inc have agreed to sell the U.S. luxury department store chain to Ares Management LLC and the Canada Pension Plan Investment Board for $6 billion, ending a years-long effort to sell the company.
Sept 9- U.S. bricks and mortar retailers are racing to catch up with e-commerce giant Amazon.com in fast-growing online sales.
Aug 27- Diamonds may be Tiffany& Co's best friend as strong demand for the sparkling gems in China helped lift the U.S. jeweler's global sales in the latest quarter, leading it to raise its profit forecast for the year.
Aug 27- Tiffany& Co's strong sales in China and higher prices helped mitigate disappointing business in its home market in the second quarter, leading the U.S. jeweler on Tuesday to raise its profit forecast for the year.
Aug 26- Even with consumer confidence at a six-year high, retailers ranging from Target Corp to Macy's Inc are competing not only with each other but are also having to adapt to shifting spending patterns.
The opportunities are few and far between in this sector as a result of shifting consumer demand, Cramer said.
After hearing from a slew of retailers, Cramer thinks you may need to rethink what you own and why.