(Bloomberg)—Hudson’s Bay Co. missed April payments on two commercial mortgage-backed securities, signaling the retail industry’s woes are spreading to debt markets. The securities, part of $696 ...

A new luxury retail empire has been created. Late Monday afternoon, Saks Global disclosed that it has finalized its acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion, as ...

Saks Global, the parent company of Saks Fifth Avenue, has folded its bid to build a casino atop its flagship Midtown department store. Spokespeople for Saks and HBC did not immediately respond to ...

The owner of Saks Fifth Avenue is converting parts of department stores into co-working spaces with WeWork, a strategy that marries the popularity of remote work with the struggles of ...

NEW YORK, May 06, 2025--(BUSINESS WIRE)--Saks Global President & Chief Commercial Officer Emily Essner is speaking in a fireside chat at the WWD Beauty CEO Summit. The conversation will focus on, ...

Saks Global — which operates both Saks Fifth Avenue and Neiman Marcus — is laying off hundreds of workers this week as part of an effort to consolidate operations as the retailers come together, WWD ...

Barneys New York is finally returning to its hometown after the pandemic delayed its post-bankruptcy revival plans. The retailer, which for decades was a mainstay of the city’s retail scene, opens ...

The Beverly Hills Saks Fifth Avenue department store at 9600 Wilshire Boulevard is set to be sold at foreclosure, Commercial Observer has learned. In a statement sent to CO, a spokesperson for the ...

Luxury retailer Saks Fifth Avenue is now going to open a department store in Miami's Brickell City Centre. Swire Properties Inc., one of South Florida's leading international developers of urban real ...

Many financiers have tried to make money from retailers through the ground beneath their stores. But few have pulled off the strategy as well as Richard Baker, the chief executive of the Hudson’s Bay, ...

Hudson’s Bay Co. missed April payments on two commercial mortgage-backed securities, signaling the retail industry’s woes are spreading to debt markets. The securities, part of $696 million in ...

(Bloomberg) — Hudson’s Bay Co. missed April payments on two commercial mortgage-backed securities that were part of $696 million in financing for Saks Fifth Avenue and other stores. The securities, ...