retail / Stores

The iconic ’90s retailer was on the precipice of death for years. Richard Dickson finally had momentum for a comeback — then came Trump.

A series of breaches at high-profile retailers like Victoria’s Secret and Marks & Spencer is putting cybersecurity back in the foreground. BoF examines what leaves fashion businesses vulnerable and how they can protect themselves.

The retailer now expects net sales to decline by a low single digit this year, down from previous guidance for an increase of about 1 percent.

A deal to secure $500 million in new financing may push out a reckoning. But falling sales, looming payments to vendors and creditors continue to dog the luxury retailer’s post-merger vision.

Saks Global is now seeking even more money to shore up finances while bondholders, who face almost $1 billion in losses, have begun to question if they’ll receive a single interest payment.

The department store is searching for a permanent CEO replacement after Kohl’s Corp.’s board discovered Ashley Buchanan, who had joined Kohl’s in January, had directed millions of company dollars to his then-undisclosed romantic partner.

Saks Global’s bonds fell after a call with management did little to pressure investors’ concerns about its financial outlook.

Hudson’s Bay Co. ULC previously planned to save six of its 96 stores from liquidation — but those six locations, including its flagship store, are now also being wound up.