Sears C.E.O. Says His Firm Would Buy Retailer’s Kenmore Brand

Sears C.E.O. Says His Firm Would Buy Retailer’s Kenmore Brand

Edward S. Lampert, the chief government of Sears, provided on Monday to purchase actual property belongings and the Kenmore model from the troubled retailer in what can be his newest try to reserve it. In a letter to the Sears board, Mr. Lampert, whose ESL Investments hedge fund owns a controlling stake within the firm, […]

Has Walmart Beaten Amazon for Control of Flipkart?: DealBook Briefing

Has Walmart Beaten Amazon for Control of Flipkart?: DealBook Briefing

Elsewhere in offers: Elliott Management wants Hyundai to reorganize its divisions and pay out extra dividends. HNA cut its stake in Deutsche Bank amid its downsizing. How China is buying into Europe. Deutsche Telekom plans to fight Vodafone’s plan to purchase Liberty Media’s German and Eastern Europe cable division. The mother or father firm of […]

Amazon’s Critics Get New Life With Trump’s Attacks on the Company

Amazon’s Critics Get New Life With Trump’s Attacks on the Company

Some are involved concerning the president’s motivations for his assaults, which individuals near Mr. Trump have stated are sometimes triggered by detrimental protection of his administration in The Washington Post, a newspaper owned personally by Mr. Bezos. Mr. Trump has mingled his assaults on Amazon and the newspaper in some tweets, together with one in […]

With a Glance Backward, Brooks Brothers Looks to the Future

With a Glance Backward, Brooks Brothers Looks to the Future

Made in America Though a lot of Brooks Brothers’ attire is imported, together with its best-selling no-iron shirts (made in Malaysia) and its made-to-measure fits (Italy), Mr. Del Vecchio says he stays dedicated to producing many signature objects at house, in company-owned factories the place he has invested in new equipment and within the coaching […]

Party City Offers Ramadan Decorations, a First for a Big U.S. Retailer

Party City Offers Ramadan Decorations, a First for a Big U.S. Retailer

For the primary time, a significant American retailer is providing a devoted line of decorations for the holiest month on the Islamic calendar: Ramadan, which culminates within the Eid al-Fitr celebration. The retailer, Party City, which has about 850 areas, largely within the United States, was motivated to create the objects as a result of […]

How to Be a Rebel Rebel

How to Be a Rebel Rebel

No one ought to want an excuse to indulge her David Bowie vogue fantasies, however there has by no means been a extra becoming time to channel the glam-rocker. The “David Bowie Is” exhibition on the Brooklyn Museum, which runs by way of July 15, provides unmatched entry to Bowie’s private archive, together with 60 […]

Hanky Panky, Made in the U.S.A. Since 1977

Hanky Panky, Made in the united statesA. Since 1977

Before changing a set of handkerchiefs right into a bra and panties that started a 40-year profession for her and her greatest buddy, Gale Epstein dabbled in many types of D.I.Y. “I had a lot of stuff from her,” mentioned Lida Orzeck, 70, Ms. Epstein’s enterprise companion and longtime buddy. It was a chilly afternoon […]

Justices Divided on Sales Taxes for Online Purchases

Justices Divided on Sales Taxes for Online Purchases

Chief Justice John G. Roberts Jr. stated could already be addressing the issue. “The bigger e-commerce companies find themselves with a physical presence in all 50 states,” he stated, “and they are covered.” The tenor of the argument was a shock, as three members of the Supreme Court had indicated that they might be able […]

Net-a-Porter Founder’s Next Act Is a Venture Capital Firm

Net-a-Porter Founder’s Next Act Is a Venture Capital Firm

Imaginary Ventures faces loads of competitors. Firms like Forerunner Ventures, Thrive Capital and Benchmark are energetic traders in e-commerce, on the hunt for the subsequent Warby Parker (which recently raised $75 million) or Stitch Fix (which went public last year and is now valued at about $2 billion.) Ms. Massenet and Mr. Brown are relying […]

Why We Should Be Optimistic About Retail

Why We Should Be Optimistic About Retail

Here are three causes to be assured within the trade’s prospects: First, whereas bankruptcies and retailer closings are definitely painful, they’re serving to whittle away at retail’s overcapacity drawback. Last yr the United States had 23.5 sq. toes of retail house per individual, based on Morningstar. That compares with 16.four sq. toes in Canada and […]