Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
department-stores
Latest News & Analysis
Retail
Does the E-Commerce Spinoff Make Sense?
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
Does the E-Commerce Spinoff Make Sense?
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
Marketing
Neiman Marcus ‘Reintroduces’ Itself to Customers In New Campaign
The American department store, which emerged from bankruptcy in 2020, is intent on convincing shoppers it is the premiere retail destination as people reenter the world.
Neiman Marcus ‘Reintroduces’ Itself to Customers In New Campaign
The American department store, which emerged from bankruptcy in 2020, is intent on convincing shoppers it is the premiere retail destination as people reenter the world.
Retail
What’s Next for Nordstrom
In The Week Ahead, we examine Nordstrom’s plans for 2021, the final rounds of bidding for Topshop and other Arcadia brands, plus a new documentary about the artificial world of influencers.
What’s Next for Nordstrom
In The Week Ahead, we examine Nordstrom’s plans for 2021, the final rounds of bidding for Topshop and other Arcadia brands, plus a new documentary about the artificial world of influencers.
Retail
Bloomingdale’s Bid to Keep Covid From Stealing Christmas
At a time when retailers usually try to lure shoppers with festive music and decorations, the luxury department store has amped up its website and — in a very out-of-character move — plans to drive traffic through flash sales.
Bloomingdale’s Bid to Keep Covid From Stealing Christmas
At a time when retailers usually try to lure shoppers with festive music and decorations, the luxury department store has amped up its website and — in a very out-of-character move — plans to drive traffic through flash sales.
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Retail
J.C. Penney Nears Rescue Deal with Simon Property Group and Brookfield
If the deal falls apart, J.C. Penney would be on course for liquidation.
J.C. Penney Nears Rescue Deal with Simon Property Group and Brookfield
If the deal falls apart, J.C. Penney would be on course for liquidation.
Retail
Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge
The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.
Neiman Marcus Seeks $55 Million From Nemesis Marble Ridge
The retailer is seeking a temporary restraining order and compensation for alleged damages caused by the firm after Marble Ridge’s money manager Dan Kamensky was accused of trying to manipulate the bidding process in its bankruptcy case.
China
Why Aren’t More Chinese Department Stores Going Bankrupt?
While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?
Why Aren’t More Chinese Department Stores Going Bankrupt?
While consolidation continues in China’s department store sector, the pandemic hasn’t dramatically hastened store closures and bankruptcies the way it has in the US. What’s their secret?
Retail
Hudson's Bay Company Reportedly Scraps Financing Plan
The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.
Hudson's Bay Company Reportedly Scraps Financing Plan
The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.
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Retail
Debenhams Appoints Advisers as It Plans for Possible Liquidation
The struggling department store chain said it would cut a further 2,500 jobs, while taking 'all necessary steps' to give the business every chance of a viable future.
Debenhams Appoints Advisers as It Plans for Possible Liquidation
The struggling department store chain said it would cut a further 2,500 jobs, while taking 'all necessary steps' to give the business every chance of a viable future.
News & Analysis
Sweatpants Forever: How the Fashion Industry Collapsed
"Even before the pandemic, the whole fashion industry had started to unravel. What happens now that no one has a reason to dress up?"
Sweatpants Forever: How the Fashion Industry Collapsed
"Even before the pandemic, the whole fashion industry had started to unravel. What happens now that no one has a reason to dress up?"
Retail
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Retail
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
The News in Brief
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.