Saks Advances Fifth Avenue Store Renovation
Saks Fifth Avenue has advanced the grand renovation of its Fifth Avenue flagship store.
Saks
Hudson’s Bay Still In Turnaround Mode Through Q3
Hudson’s Bay said it was encouraged with its turnaround strategies through the third quarter, highlighted by a strong comp increase at its Saks Fifth Avenue division.
Loss In Q2 Drives Hudson’s Bay To Action
As Hudson’s Bay released its second quarter results including a company-wide 0.4% decrease in comparable sales and a larger loss, the department store retailer said it is forming a strategic partnership for its European business.
Hudson’s Bay In Talks With Signa On European Joint Venture
Hudson’s Bay Co. has refuted recent reports it had signed a binding agreement to sell or combine its European business or properties but acknowledged that it is in discussions with Signa Holding GmbH exploring a potential joint venture and has signed a non-binding letter of intent with that firm.
Hudson’s Bay Sells Gilt, Slims Lord & Taylor After Soft Q1
Following its pending sale of Gilt to Rue La La, Hudson’s Bay revealed a bigger net loss and lower overall comps in the first quarter.
Hudson’s Bay Names Gold Chief Technology And Digital Operations Officer
Hudson’s Bay has named Stephen Gold as chief technology and digital operations officer, effective immediately.
Hudson’s Bay Appoints Harlam Chief Marketing Officer
Hudson’s Bay Company has appointed Bari Harlam as chief marketing officer, effective immediately.
Hudson’s Bay Reveals Data Breach At Saks, Lord & Taylor
Hudson’s Bay said it has become aware of a data security issue involving customer payment card data at certain Saks Fifth Avenue, Saks Off 5th, and Lord & Taylor stores in North America.
Sales Decline Pressures Hudson’s Bay Turnaround Strategy
With a new CEO at the helm, Hudson’s Bay’s turnaround strategies helped it improve results and post a profit in the fourth quarter, but sales continued to decline.
Saks Off 5th Adds New Jersey Store
On March 8, Saks Off 5th will open a new, 34,000 square foot store at Chimney Rock Crossing in Bridgewater, NJ.
Saks Fifth Avenue Opens Calgary Location
Saks Fifth Avenue is opening its third Canadian location in Calgary, Alberta.
Hudson’s Bay Appoints Foulkes CEO
Hudson’s Bay has appointed Helena Foulkes as chief executive officer, effective February 19, 2018.
Hudson’s Bay, Rhône Capital Complete Equity Investment
Hudson’s Bay Company and Rhône Capital have completed a previously announced $500 million equity investment by an affiliate of Rhône Capital as part of a global, multi-faceted strategic relationship with Rhône and WeWork Companies.
Hudson’s Bay Q3 Hurt By Overzealous Cost Cutting
Hudson’s Bay Company cost cutting went a bit too deep, it acknowledged, and cost the company in a third quarter when losses increased.
Hudson’s Bay Appoints Pappas Chief Marketing Officer
Hudson’s Bay has appointed Milton Pappas chief marketing officer, effective immediately.
Hudson’s Bay Forms Strategic Partnership With WeWork
Hudson’s Bay is aiming to reshape its retailing business. The company has formed a series of transactions with WeWork Companies, Rhône Capital and an affiliate of WeWork Property Advisors, a joint venture between WeWork and Rhône, which it said will create a multi-faceted strategic relationship designed to maximize the value of its global real estate assets and position its retail businesses.
Hudson’s Bay CEO Steps Down
Hudson’s Bay CEO Gerald Storch has stepped down, effective November 1, to return to his advisory firm, Storch Advisors.
Saks Off 5th Opening In Downtown Seattle
On October 19, Saks Off 5th will celebrate the grand opening of a new, 36,000 square foot store in downtown Seattle, at 400 Pine Street, in Westlake Center.
Hudson’s Bay Struggles Through Q2
Hudson’s Bay posted a deeper net loss in the second quarter, although the retailer did see some sales growth improvement at Saks and digital channels.
Saks To Open Two Metro New York Off 5th Outlets
Saks is opening two new Off 5th outlet stores in the New York City area.