Following Saks Global's Chapter 11 filing, a clause in its agreement with Authentic Brands Group increased Authentic's ownership in the entity holding the master license to Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman's IP to 77% from 51%. The shift reflects a new acquisition of a majority stake in the IP holding entity, with no disclosed transaction value.
Brand‑management firm WHP Global announced on Jan. 26, 2026 that it will acquire a 50% controlling stake in apparel retailer Lands’ End for $300 million in cash, forming a joint venture. Lands’ End will transfer its intellectual property and licensing business to WHP...
Bob’s Discount Furniture filed for an initial public offering, aiming to raise up to $369.6 million by selling 19.45 million shares at $17‑$19 each, which would value the company at up to $2.48 billion. The filing, made on Monday, seeks to pay down...
Retail store openings stalled in fiscal 2025, expanding only 0.7% year‑over‑year, according to Telsey Advisory Group. The slowdown follows tighter capital‑expenditure plans and macro‑economic uncertainty. Forecasts show a rebound in 2026 with net openings rising 1.4%, driven by beauty, off‑price...
Department store closures are accelerating, with Saks Global filing bankruptcy and Macy’s planning to shutter 150 locations by 2026. Green Street reports rising mall anchor vacancies, linking the department‑store decline to 175 mall closures over the past 15 years. Despite...
Nike announced a major reshuffle of its regional senior leadership, with longtime Europe, Middle East and Africa head Carl Grebert retiring and being replaced by veteran César Garcia effective Feb. 2. In Greater China, Angela Dong will depart by March 31, succeeded...
Macy’s Media Network partnered with Amazon’s Retail Ad Service (RAS) in August, becoming the first major retailer to pilot the platform ahead of the holiday season. The collaboration has attracted over 175 new brands to Macy’s sponsored‑products offering and bolstered...
Amazon unveiled a portable, RFID‑enabled version of its Just Walk Out checkout lanes, designed for festivals, pop‑up shops and other temporary retail settings. The new lanes feature in‑lane screens, automated gates and enhanced cart visibility, and can be installed within...
U.S. consumers in 2025 prioritized smaller discretionary purchases—used goods, apparel, and dining—over big‑ticket items like electronics, furniture, and travel, according to Bank of America Institute data. A weakening labor market and waning sentiment drove this cautious behavior, a trend Moody’s...
Michaels CEO David Boone says the retailer’s top priority is seizing market share left by Party City and Joann’s exits. The chain has rolled out a Party Shop and Knit & Sew section in every store, added balloon bars, and plans to...
Omnichannel retail is no longer a one‑size‑fits‑all proposition; success depends on tailoring strategies to each retailer’s customers, operating model, and growth goals. Consistent experiences across digital and physical touchpoints are now a baseline expectation, not a differentiator. Persistent challenges such...
Birkenstock warned that tariff pressures will erode profitability in fiscal 2026, projecting a 100‑basis‑point decline in both gross margin and EBITDA. The company’s 2025 strategy of front‑loading shipments and modest price hikes will not be repeatable next year. CFO Ivica...
Quince, the online fashion retailer, announced a limited‑edition collaboration with rapper A$AP Rocky to celebrate his new album “Don’t Be Dumb.” The partnership features a co‑branded vinyl priced at $22.99 and a $50 T‑shirt, both sold exclusively on Quince’s website. This...
Walmart announced the launch of its Premium Musical Instrument Shop, a curated third‑party marketplace featuring brands like Fender, Roland, Boss, Squier and Zildjian. The new storefront is the first phase of a broader push into professional‑grade music gear, adding amplifiers,...
Longtime Neiman Marcus merchant Russ Patrick has been hired as Bloomingdale’s general merchandising manager of home. Patrick brings more than three decades of luxury retail experience, most recently overseeing men’s, gifts, home and children’s categories at Neiman Marcus and Horchow. He said Bloomingdale’s...
Macy’s announced the closure of its Cheshire, Connecticut fulfillment center, eliminating 993 positions. The shutdown will occur in phases, beginning with night‑shift staff on March 14, 2026 and ending with full‑time day workers by August 29, 2026. A small crew will remain...