by Mike Duff | Apr 29, 2025 | Retail Articles
Although it still holds out hope for rescue, Hudson’s Bay Co. stated it would liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. Hudson’s Bay stated that a viable bid for its current six-store organization is unlikely, so it has begun...
by Mike Duff | Mar 17, 2025 | Retail Articles
Hudson’s Bay Co. ULC, citing insufficient financing commitment after its recent bankruptcy filing, warned it could begin a liquidation of its stores in Canada next week. The bankruptcy filing did not include operations in the United States, which Hudson’s Bay had...
by Mike Duff | Mar 12, 2025 | Retail Articles
Hudson’s Bay Co. ULC, comprised of Hudson’s Bay and TheBay.com, has announced it has sought bankruptcy protection, although the company’s associated retail operations in the United States won’t be affected by the move. Hudson’s Bay commenced proceedings under the...
by Mike Duff | Jan 2, 2025 | Retail Articles
Saks Global announced it finalized the acquisition of Neiman Marcus Group in a deal with a $2.7 billion enterprise value. Amazon, an investor in Saks Global, will work to innovate on behalf of customers and brand partners at each Saks Global banner, including Neiman...
by Mike Duff | Jul 1, 2024 | Retail Articles
Saks Fifth Avenue is expanding its luxury personal shopping and styling operation, The Fifth Avenue Club, to bring the total number of standalone locations to 20 by 2024’s end Standalone Fifth Avenue Club suites are an extension of the banner’s existing Fifth...
