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.

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.

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.

It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.

It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.

The retailer reported a loss of $119 million in fiscal 2018, an indication that Lord & Taylor has lost a great deal of its lustre.

The retailer reported a loss of $119 million in fiscal 2018, an indication that Lord & Taylor has lost a great deal of its lustre.

The department store will return to Manhattan this holiday season as a temporary, two-week shop, according to a person familiar with the matter.

The department store will return to Manhattan this holiday season as a temporary, two-week shop, according to a person familiar with the matter.
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With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.

With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.

Le Tote, a clothing rental service, has acquired the nearly 200-year-old department store chain, betting physical locations and Lord & Taylor's deep roster of brands will help grow the start-up's customer base.

Le Tote, a clothing rental service, has acquired the nearly 200-year-old department store chain, betting physical locations and Lord & Taylor's deep roster of brands will help grow the start-up's customer base.

The deal allows the Canadian retailer to divest operations of the struggling Lord & Taylor chain while holding onto the more valuable asset — the real estate on which the stores are located.

The deal allows the Canadian retailer to divest operations of the struggling Lord & Taylor chain while holding onto the more valuable asset — the real estate on which the stores are located.

The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.

The owner of Saks Fifth Avenue and Lord & Taylor said earlier this week it was evaluating a $1.3 billion go-private cash offer from its executive chairman and other shareholders.
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From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.

From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.

The department store chain said it would sell up to 10 Lord & Taylor stores after reporting a quarterly loss of $308.5 million.

The department store chain said it would sell up to 10 Lord & Taylor stores after reporting a quarterly loss of $308.5 million.

Walmart is trying to position itself as a destination for fashion, as it attempts to attract more affluent customers and build an e-commerce presence that can compete with Amazon.

Walmart is trying to position itself as a destination for fashion, as it attempts to attract more affluent customers and build an e-commerce presence that can compete with Amazon.

The company is launching the Lord & Taylor store on its website, with more than 125 brands, reflecting its effort to broaden its customer base, drive growth and compete with Amazon.

The company is launching the Lord & Taylor store on its website, with more than 125 brands, reflecting its effort to broaden its customer base, drive growth and compete with Amazon.
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
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