Saks Will Close Most Off 5th Stores With Big Clearance Sales
The bankrupt department store operator will focus instead on its luxury offerings at Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman chains.
Bloomberg
Sports
Lululemon Blames Customers Again After See-Through Tights Fiasco
The activewear company’s dilemma is familiar to many companies that have grown rapidly and need to find ways to keep expanding while competitors encroach.
Lululemon Blames Customers Again After See-Through Tights Fiasco
The activewear company’s dilemma is familiar to many companies that have grown rapidly and need to find ways to keep expanding while competitors encroach.
Luxury
Luxury Investors Eye Tough Earnings Season After Stock Selloff
Luxury-goods makers are facing investor anxiety and a projected rough earnings season despite earlier hopes for a 2026 recovery.
Luxury Investors Eye Tough Earnings Season After Stock Selloff
Luxury-goods makers are facing investor anxiety and a projected rough earnings season despite earlier hopes for a 2026 recovery.
Luxury
Opinion: Want That Bargain Rolex? Better Act Fast
After a prolonged slump, the secondary market for luxury watches is recovering, though it remains sensitive to economic instability, writes Andrea Felsted.
Opinion: Want That Bargain Rolex? Better Act Fast
After a prolonged slump, the secondary market for luxury watches is recovering, though it remains sensitive to economic instability, writes Andrea Felsted.
Sustainability
Opinion: An Un-MAGA Proposal to Bring Back American Manufacturing
The US government must invest in job-training programs and rebuild parts of the domestic supply chain that have eroded over time, Derek Guy writes.
Opinion: An Un-MAGA Proposal to Bring Back American Manufacturing
The US government must invest in job-training programs and rebuild parts of the domestic supply chain that have eroded over time, Derek Guy writes.
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The News in Brief
Adidas Announces New Share Buyback Program as Profits Jump
Fourth-quarter operating profit exceeded analyst estimates and drove full-year operating profit slightly above its forecast from October.
Bain, Blackstone Among Suitors for Vitamin Maker Vitabiotics
Bain Capital and Blackstone are among private equity firms in the next round of bidding for the UK vitamin company, sources told Bloomberg.
India Gold Imports Set to Drop as High Prices Hit Jewellery Demand
Record-high gold prices are expected to cause India’s gold imports to fall this year as demand for jewellery is crimped.
H&M Profit Beats Expectations as Concerns of Slowing Sales Mount
The Swedish fast-fashion retailer exceeded profit forecasts for the third consecutive quarter.
Swiss Watch Exports Return to Growth After US Eases Tariffs
Swiss watch exports grew 3.3 percent in December driven by a surge in shipments to the US following a reduction in tariffs.
Birkenstock Targets Double-Digit Growth in Updated Strategy
The footwear company hopes to generate $1.2 billion in incremental revenue over the next three fiscal year.
Amazon, LVMH and Chanel Added to Key Saks Bankruptcy Committee
The 10-member panel also includes a labour union representing Saks store workers, Zegna Group, Kering Americas and Brookfield Properties Retail.