Adam Fagen

Retail Apocalypse Claims 2,000 More Jobs As Hudson’s Bay Scales Back Workforce

Earlier this year it looked like Hudson’s Bay — the company behind Saks Fifth Avenue, Lord & Taylor, and Gilt — was looking to expand its footprint by way of purchasing either Macy’s or Neiman Marcus. Now, the retailer looks to be doing the opposite and cutting back by eliminating some 2,000 positions amid lower than expected sales.  [More]


Report: Hudson’s Bay Looking To Take Over Macy’s

Macy’s could soon be heading to Fifth Avenue, or rather, to the parent company of stores like Saks Fifth Avenue and Gilt, Hudson’s Bay is reportedly looking to take over the struggling department store.  [More]


Loyalty Programs Add Fancy Levels For Big-Spending Customers

When you’re running a retail business, the customers who spend the most in your store are valuable and magical creatures. Loyalty cards let you return that love to your customers. Sort of. Some companies are taking rewards cards a step further, rewarding their most loyal customers (probably the ones with the most money) with special perks. [More]