HBC, parent company of Saks Fifth Avenue and Hudson’s Bay stores, is getting some help from Amazon in its definitive agreement to acquire Neiman Marcus Group, parent of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion. In the wake of...
In celebration of its 50th anniversary, Rent-A-Center has launched a 50-day campaign aimed to engage and energize coworkers, celebrate customers and invite consumers who haven’t done so to experience the rent-to-own industry. The company announced that the...
Amid economic uncertainty, luxury home merchandise retailer Restoration Hardware had a difficult fourth quarter with earnings and revenues coming in well short of expectations. For the quarter, RH posted net income of $106.9 million, or $4.21 per diluted share, versus...
Bloomingdale’s has promoted Denise Magid to the newly created role of Bloomingdale’s chief merchandising officer. Magid’s job entails driving the strategic direction and performance of all Bloomingdale’s merchandising initiatives as she...
At a time when consumer shopping behavior is being watched closely in the face of economic uncertainty and inflation, the Kearney Consumer Institute has released its first 2023 briefing on gifting titled “Should I Stay or Should I Go? Redefining Trading Down,...
