The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years.
Category: Shopping and Retail
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Sprinkles Cupcakes, the Bakery That Sold From Vending Machines, Closes Suddenly
The boutique chain’s co-founder, Candace Nelson, said that the business had ceased operations at year’s end. It was sold to a private equity firm more than a decade ago.
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Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt
Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.
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Why Sears’s Last Great Hope Was a Promise That Never Materialized
Only five Sears stores remain in the country, with the end likely near for what was once the mightiest American retailer.
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Shoppers Spent Big This Holiday Season, Despite Economic Pressures
Consumers spent 3.9 percent more from Nov. 1 to Dec. 21 this year compared with last year, according to a Mastercard report on holiday spending.
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NYC Holiday Markets Offer Profit and Peril for Small-Business Owners
The festive fairs have become vital to the success of many artists and retailers. But the booths are expensive, and the payoffs aren’t guaranteed.
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Real or Fake? There’s a War Over Christmas … Trees.
Tree farmers and the marketing group that supports them want more Americans to buy live-cut trees. A new Home Depot ad gave them holiday hope.
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Calvin McDonald, Lululemon CEO, Will Depart Yoga Clothing Maker in January
The maker of yoga clothing is looking for a new leader after public pressure from the company’s founder.
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DealBook Summit: Business Executives Share Tips for Leadership
Executives on a DealBook Summit task force panel said fear was not the way to build teams capable of navigating difficult times.
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Discount and higher-end retailers have reported stronger sales from consumers who are hunting for the best deals and long-lasting items.