NEW YORK (AP) — Lord & Taylor, one of the country's oldest department stores, may be put up for sale.
Hudson's Bay, which owns Lord & Taylor and Saks Fifth Avenue, said Monday that it hired...
BERLIN (AP) — Germany's antitrust authority has cleared the planned merger of the country's two main department store chains, ruling that it doesn't threaten competition at a time when online retail is rising.
The Federal Cartel Office said Friday that the two companies exceed a combined 25 percent of market share only in a few goods and regions, and in many cases online retailers offer an alternative.
BISMARCK, N.D. (AP) — Wearing white gloves, Stephanie Baltzer Kom gingerly leafed through the fragile pages of 200-year-old documents handwritten in Spanish.
BERLIN (AP) — Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a joint venture with Austria's Signa.
The deal announced Tuesday will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC. It also includes HBC Europe's other retail holdings, among them Belgium's Galeria Inno and the Netherlands' Hudson Bay.
NEW YORK (AP) — Lord & Taylor is abandoning plans to keep a store in the Fifth Avenue flagship it is selling, as the chain's owner closes more stores and focuses on online sales.
The announcement Tuesday comes about seven months after the company said it would sell the century-old building to office space sharing company WeWork. Hudson's Bay Co. had said then it would keep less than a quarter of the 11-story building for a Lord & Taylor store.
A data breach at department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor has compromised the personal information of customers who shopped at the stores.
The chains' parent company, Canada-based Hudson's Bay Co., announced the breach of its store payment systems on Sunday. The company said it was investigating and taking steps to contain the attack.
NEW YORK (AP) — The company that owns department store chains Saks Fifth Avenue and Lord & Taylor is tapping the world of health care for its next CEO.
TORONTO (AP) — Hudson's Bay Co., which owns Saks Fifth Avenue, Lord and Taylor and Canada's Hudson's Bay, is cutting 2,000 jobs in North America as it shaves costs and tries to adjust to changes in how people shop.
The Toronto-based company says the cuts will save 350 million Canadian dollars ($260 million) annually by the end of 2018.
NEW YORK (AP) — A reported overture by Saks Fifth Avenue's parent to take over Macy's Inc. underscores how further consolidation may be needed to revive the department store sector amid drastic changes in the retail landscape and consumer behavior.
Macy's shares soared in trading Friday, after being temporarily halted on the New York Stock Exchange on a news report that Saks' owner has approached the department store chain about a takeover.