SAKS FIFTH AVENUE SPLITS FROM E-COMMERCE BUSINESS
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IAIN NAIRN NAMED PRESIDENT AT HUDSON’S BAY
Most recently, Nairn was CEO of kikki.K, a global Swedish design and stationery business, with 102 namesake stores and e-commerce, and product lines available in over 147 countries worldwide.
Read MoreHUDSON’S BAY CO. LOSS WIDENS ON ‘HYPER-PROMOTIONAL...
Heavy markdowns and a shrinking physical footprint have led to greater losses for HBC in the second quarter.
Read MoreRETAILER HUDSON’S BAY COMPANY IN TALKS TO GO PRIVATE
In a separate announcement, the Toronto-based retailer said it reached an agreement with Signa Holding to take over the companies’ German real estate and retail joint venture.
Read MoreHUDSON’S BAY COMPANY MULLING SALE OF LORD & TAYLOR
HBC is pursuing strategic alternatives for the Lord + Taylor operating business, including a possible sale or merger, as part of its focus on the company’s greatest opportunities.
Read MoreHUDSON’S BAY REVENUE SLIPS AS SALES FALL AT ALL STORES EXCE...
Overall comparable store sales for the quarter were down 1.4 percent, while they increased 3.9 percent at the company’s Saks Fifth Avenue stores.
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