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]
transformation plan
Sears Changes Its Tune: No, We’re Totally Not Doomed
By 3.22.17 — Updated: 5.9.17
After being refreshingly candid in its annual report, admitting that there is a lot of “doubt” about its ability to remain afloat in the long run, Sears Holdings is now doing an about-face, with its chief financial officer assigned to handle damage control. Get your “Sears Holdings Corporate Announcement Bingo card” ready. [More]
