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LexMacy's Inc
Macy’s: break-up is a trend best avoided Premium content
...First, Hudson’s Bay Company (HBC), the owner of Saks Fifth Avenue, said it would split the luxury department store’s website into a separate business. Now Macy’s is looking to do the same....
November 19, 2021
Due Diligence
The decline of an American institution Premium content
...People who travelled across the world to visit New York would make Saks Fifth Avenue or Bergdorf Goodman their first port of call before venturing to see the bright lights of Times Square....
May 7, 2020
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
HTSI
Baaaa for business: Princess Diana’s iconic sheep sweater is back
...The jumpers, scarves, gloves and dog coats proved equally popular in New York as in London with “big orders coming in from places like Neiman Marcus and Saks of Fifth Avenue”....
October 13, 2020
Hudson's Bay
Saks Fifth Avenue owner Hudson’s Bay agrees buyout deal
...Saks rival Barneys New York, once vital for young and emerging fashion designers wanting to establish themselves, filed for bankruptcy protection this August....
October 21, 2019
US & Canadian companies
Saks and Lord & Taylor stores suffer data breach
...Saks notified customers of a “data security issue” on its website on Sunday and said its investigation was continuing....
April 1, 2018
Retail & Consumer industry
Hudson’s Bay to close up to 10 Lord & Taylor stores as losses mount
...It snapped up in quick succession Lord & Taylor in 2012, Saks a year later and flash-sale website Gilt in 2016....
June 5, 2018
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Retail & Consumer industry
Hudson’s Bay poised for worst day since 2012
...Saks Fifth Avenue holiday light show may keep visitors happy, but investors in its parent company, Hudson’s Bay, showed no holiday cheer on Wednesday....
December 6, 2017
US & Canadian companies
Saks owner Hudson’s Bay eyes real-estate assets as loss widens
...Hudson’s Bay — which owns Saks Fifth Avenue and Lord & Taylor department store chains — said on Tuesday it is “actively exploring” ways to tap its real-estate assets to generate value for its shareholders...
September 5, 2017
Retail & Consumer industry
Hudson’s Bay CEO Gerald Storch to step down in November
...Hudson’s Bay Co, the parent of department stores Lord & Taylor, Saks Fifth Avenue, said late on Friday that its chief executive Gerald ‘Jerry’ Storch will step down effective November 1 Mr Storch, who took...
October 20, 2017
US & Canadian companies
US retailers lure customers with spas, parties and restaurants
...Rival Saks this year unveiled a “wellness” spa at its flagship store, complete with a salt bath chamber and fitness classes at a “prison-style boot camp”....
December 1, 2017
Retail sector
TJ Maxx owner hits new record high after blowout quarter
...The stand out results should also go some ways towards easing questions over the company’s ability to keep up its solid pace of growth amid pressure from rival retailers like Macy’s, Nordstrom and Saks,...
February 28, 2018
Retail & Consumer industry
‘Off-price’ retailers show that brick-and-mortar isn’t out of fashion yet
...By contrast, department stores — like Macy’s, Nordstrom or Saks Fifth Avenue — are seen as declining 9.3 per cent this year and 2.7 per cent in the next....
October 3, 2017
LexUS & Canadian companies
US department stores: on the rack Premium content
...Hudson’s Bay, the owner of the Saks and Lord & Taylor chains, has an activist advising it to abandon retail and sell its flagship property. The Dillards chain is getting similar advice....
August 11, 2017
US & Canadian companies
Lord & Taylor owner to sell Fifth Ave store to WeWork for $850m
...The deal provides the retailer, which also owns the luxury department store Saks Fifth Avenue, with a capital injection that will help it cut its debt burden....
October 24, 2017
European companies
Austria’s Signa bids for German retailer Galeria Kaufhof
...However, a sharp downturn in the fortunes of North American retailers has weighed heavily on HBC, which also owns the Saks Fifth Avenue and Lord & Taylor chains....
November 1, 2017
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Inside BusinessSujeet Indap
Would Saks Fifth Avenue be more valuable as a Tesla showroom?
...A year after the Saks purchase, he showed off his skill when his Hudson’s Bay vehicle took out a mortgage on Saks’ flagship location on Fifth Avenue in Manhattan that valued the building and land at nearly...
July 17, 2017
FT SeriesRetail: clearance sale
Ecommerce isn’t all gloom for real estate investors
...At its Galleria shopping centre in Houston, Texas, for example, the upscale sushi restaurant Nobu is replacing a Saks Fifth Avenue department store, while an Outback Steakhouse will fill the space where...
August 3, 2017
Property sector
Saks owner jumps 16% after activist discloses stake
...Relatively unknown outside of Canada until a few years ago, Hudson’s Bay has aggressively expanded its footprint in the US over the past five years, snapping up in quick succession Lord & Taylor, then Saks...
June 19, 2017
Life & Arts
Irma adds to US luxury retail woes
...Spokespeople for Saks and Neiman Marcus said their stores were reopening as conditions improved....
September 15, 2017
Retail sector
TJ Maxx owner slides as same-store sales growth abruptly halts
...then reselling them at discounted prices — which has allowed it to buck the wider gloomy trends that have decimated US retailers — is coming under pressure as rival retailers like Macy’s, Nordstrom and Saks...
November 14, 2017
LexProperty sector
Hudson’s Bay: Street fight Premium content
...The luxury department store chain Saks is owned by acquisitive Canadian group, Hudson’s Bay Company....
June 26, 2017
US retail
TJX shares slide as discount retailer sales disappoint
...then reselling them at discounted prices — which has allowed it to buck the wider gloomy trends that have decimated US retailers — is coming under pressure as rival retailers like Macy’s, Nordstrom and Saks...
November 14, 2017
FT SeriesRetail: clearance sale
S&P pushes more US retailers deeper into junk
...As fewer Americans regularly make trips to the mall, many companies, ranging from Payless to luxury retailers like Saks have re-evaluated how many stores they need and how large the stores should be....
October 1, 2017
FT SeriesRetail: clearance sale
Macy’s and Kohl’s bonds gain ahead of US retail earnings
...The results will also be scrutinised for clues as to how Neiman Marcus and Saks Fifth Avenue owner Hudson’s Bay Companies are performing....
August 6, 2017
Due Diligence
Is the M&A market barking mad? Premium content
...(NYT) Scandal taints Japan Inc Japan’s elite manufacturers — Kobe Steel, Mitsubishi Materials and Subaru, among others — were thought to be models of elite efficiency....
February 6, 2018

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