Saks Fifth Avenue

The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc. (NASDAQ:AMZN). What Happened: The acquisition, which has been approved by the...

The most recent acquisition attempt by Saks Fifth Avenue on its competitor Neiman Marcus has been rejected, as the two high-end retailers struggle to agree on merger terms. According to the Wall Street Journal, Neiman rejected Saks' latest offer, which valued Neiman close to $3 billion. Those...

Hudson’s Bay Co. (OTC: HBAYF) CEO Helena Foulkes will leave Canadian retailer as the company goes private.  Hudson's Bay Closes Take-Private Deal  Foulkes is set to leave Hudson’s Bay March 13, with Executive Chairman Richard Baker taking her place, the company...

The new year breathed fresh life into the markets, as they emerged stronger following the fading of the post-presidential election rally in December last. However, the new year has not treated some companies well, as they fell victims to hacking carried out in varied degrees and on varied scales....

The retail sector is already off to a rough start in 2017 but the latest developments likely signals the industry's woes will continue. Ralph Lauren Ralph Lauren Corp (NYSE: RL) were trading lower by more than 6 percent ahead of Thursday's market open after the company reported its fiscal third-...

The retail sector has produced conflicting information recently, with most stores reporting better-than-expected holiday sales alongside announcements of store closures. J C Penney Company Inc (NYSE: JCP) is one such retailer; the company reported a 3.7 percent increase in holiday sales, but...

In a discrimination lawsuit filed Friday, an African-American shopper said Macy’s (NYSE: M) security personnel stopped him after he bought a $2,400 Louis Vuitton bag and an alarm went off as he tried to exit the store. According to club promoter, Halim Sharif, he was detained and his bag...