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Canadian department store retailer Hudson's Bay yesterday (29 July) submitted a bid for luxury US based retailer Saks after months of speculation. But analysts are taking a mixed view of the US$2.9bn deal, with one saying it "undervalues" the shares while another describing it as a "compelling" offer.
The following is a general roundup of US apparel and shoe retailers' July 2012 sales results.
As the digital platform continues to bring about sweeping changes in the global apparel arena, Ashma Kunde, apparel research analyst at Euromonitor International, looks at the role the internet has played in driving the boom in the men's wear market.
The following is a general roundup of US apparel and shoe retailers' June 2012 sales results.
Hudson's Bay Company (HBC), owner of US-based luxury retailer Saks, is to acquire online shopping website Gilt Groupe Holdings in a deal worth US$250m.
Canadian department store operator Hudson's Bay more than tripled its fourth-quarter net profit, driven by a surge in digital sales and further progress with the integration of luxury retailer Saks.
The appointment of J Crew executive Stuart Haselden as CFO for Canadian yoga wear brand Lululemon Athletica is a solid fit, analysts believe.
Canadian department store operator Hudson's Bay Company has appointed retail veteran Gerald Storch as chief executive.
Apparel manufacturer Kellwood Holding has tapped industry veteran Suzanne Silverstein to strengthen and support the growth of its upscale women's clothing brand Parker.
Canadian department store operator Hudson's Bay Company has narrowed its net loss in the third quarter and reaffirmed its guidance for the full year.
Outdoor luxury apparel company Canada Goose has opened a sales office in New York as it gears up to meet surging demand for its products in the US.
Canadian department store operator Hudson's Bay Company has outlined a US$1.25bn refinancing plan that will allow it to improve and renovate its Saks flagship store.
Italian fashion house Prada has acquired Tannerie Mégisserie Hervy, an historical French leather tannery located in Isle, near Limoges.
Performance jeans brand DL1961 Premium Denim is to treat its entire autumn men's collection with an antimicrobial to provide long-lasting odour control and freshness.
Canadian department store operator Hudson's Bay Company has more than halved its losses during the second quarter, thanks to a near-doubling of sales.
Canadian department store operator Hudson's Bay Company swung to a profit in its first-quarter after its acquisition of Saks last year more than doubled retail sales.
Higher costs related to its CAD2.9bn (US$2.63bn) acquisition of luxury retailer Saks resulted in a 67% decline in fourth-quarter profit for Canadian department store operator Hudson's Bay Company.
Wayne Meichner, president and COO of Ralph Lauren Retail Group, is to leave the business after 12 years.
Canadian department store retailer Hudson's Bay Company has created a new digital division, which will be led by Michael Burgess.
Department store retailer Hudson's Bay Company is to open its first two Saks stores in Canada, as part of a sale and leaseback deal with Cadillac Fairview.
Hudson's Bay Company CFO Michael Culhane has taken a leave of absence, with COO Donald Watros assuming the additional role of acting CFO with immediate effect.
US-based luxury retailer Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.
Canadian department store operator Hudson's Bay Company has appointed Jonathan Greller to head up its outlet stores.
Canadian department store operator Hudson's Bay Company has promoted its COO, Donald Watros, to the newly-expanded role of president.
Canadian department store operator Hudson's Bay Company saw its net losses widen in the third quarter, hurt by costs related to its purchase of Saks.
Canadian department store retailer Hudson's Bay has promoted a number of people to senior positions within the company as it shores up its new executive team.
Canadian department store operator Hudson's Bay Company has completed its US$2.9bn acquisition of US-based luxury retailer Saks.
Saks shareholders have approved its merger with Canadian department store retailer Hudson's Bay Company, in a move that creates a leading upscale North American fashion retail business.
Not content with dominating the global exporting landscape, China is now switching its focus to growth in domestic consumption. And according to Li & Fung chairman William Fung, this is likely to lead to "a rather bumpy ride" for the apparel industry.
A $2.9bn deal that brings together the Hudson's Bay, Lord & Taylor and Saks Fifth Avenue brands into a combined company with 320 stores in the US and Canada was finally confirmed last week after months of speculation.
Hudson’s Bay Co in Apparel and Footwear (Canada)
The company’s strategic aim is to continue focusing on department stores and its flagship Hudson’s Bay brand across Canada, with particularly strong support for the top 10 outlets with highest volume...
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Hudson's Bay Company (HBC) - Financial and Strategic SWOT An
Hudson's Bay Company (HBC) is a retail business group that operates an extensive network of stores. The company provides a range branded merchandise in various categories and shopping experiences in t...
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