On the surface, Walmart and luxury department store Lord & Taylor don’t have a lot in common outside of selling clothing. But that could soon be changing. [More]
Hudson’s Bay
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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]
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Saks Fifth Avenue Customer Email Addresses Posted Publicly
The email addresses for thousands of Saks Fifth Avenue customers were sitting on the retailer’s website, unencrypted, for an unknown period of time. [More]
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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]