Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, blaming weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.
JP Hackett has opened the Savile Row townhouse location that it announced earlier this year with the high-end menswear brand adding further to its central London offer as the nearby Jermyn Street location remains open.
Accused of selling products from blacklisted factories, Amazon has published a list of the 1,000 or so companies that produce goods for its private labels – a step in the right direction, according to Human Rights Watch.
Fashion retailer Missguided is diving into the holiday market and while that doesn’t mean it’s directly organising fashion package tours, it has launched Missguided Vacays with comparison and deals website icelolly.com.