"You feel a sense of momentum in the company right now," says Steve Sadove former Saks CEO and current JC Penney board member, providing insight into JC Penney's turnaround plan. Sadove also weighs in on the deal between Men's Wearhouse and Jos. A. Bank.» Read More
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The 11th-hour moves include a barrage of emails broadcasting drastic promotions, including half-off discounts on all merchandise.
Clothing retailers are adding more in-store bars, encouraging shoppers to mix Happy Hour and holiday errands.
Fragrance sales are basically flat on the year, and experts predict they will continue their holding pattern during the holiday shopping season.
Many factors could affect whether shoppers open their wallets this holiday season. But one thing is clear: The pressure is on.
Macy's was the first big retailer to report, and its results this morning were certainly encouraging.
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.
Pastels, cutouts and florals ruled the runway as Fashion Week kicked off in New York, showcasing the latest looks for the spring 2014 season.
Neiman Marcus is the second major U.S. luxury retailer to be sold in a deal involving a Canadian firm in two months.
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.
Cramer always says top management is a key factor to consider when buying a stock. And he likes these four top managers very much.
The yield on the 10 year hit Art Cashin's "alarm bell" level Monday as Fed jitters escalate — and that's got the stock market on edge.
Stocks kicked off the week with a thud, with the Dow and S&P 500 logging their first four-day losing streaks this year, as Treasury yields hit a two-year high amid ongoing worries over when the Federal Reserve might start to reduce its asset purchases.