Neiman Marcus

The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc. (NASDAQ:AMZN). What Happened: The acquisition, which has been approved by the...

The most recent acquisition attempt by Saks Fifth Avenue on its competitor Neiman Marcus has been rejected, as the two high-end retailers struggle to agree on merger terms. According to the Wall Street Journal, Neiman rejected Saks' latest offer, which valued Neiman close to $3 billion. Those...

The list of bankruptcies this year continues to grow. Casual food chain Ruby Tuesday filed for Chapter 11 protection on Wednesday. The Tennessee-based company became just the latest in a string of major brands to file for bankruptcy in 2020 — a year where virtually every...

Century 21 Department Stores LLC grabbed headlines last week when it confirmed plans to close all 13 of its stores and liquidate assets as part of a chapter 11 process. In doing so, the New York-based company became just the latest in a string of major retailers to file for bankruptcy in 2020...

The United States Department of Justice announced Thursday it had charged Daniel Kamensky, founder and manager of New York-based hedge fund Marble Ridge Capital in connection with putting pressure on a rival not to bid for assets connected to the Ares Management Corporation (NYSE: ARES)-owned...

At the outset, 2020 was shaping up to be a good year for retail, buoyed by low unemployment and a strong consumer base. However, the COVID-19 coronavirus became a global pandemic, forcing thousands of businesses to close and endangering the existence of high debt, low profitability retailers. As...

Global sales of personal luxury goods are expected to fall 60% in the second-quarter of 2020 due to the coronavirus pandemic, according to a Bain & Co. report. Last week, the Ares Management Corp (NYSE: ARES) co-owned, high-end retailer Neiman Marcus became the first large department store...

Ares Management Corp (NYSE: ARES)- and Canada Pension Plan Investment Board-owned retailer Neiman Marcus Group, could file for bankruptcy as early as this week, Reuters reported Sunday, citing people familiar with the matter.  Neiman Marcus Could Be Retail Casualty  Neiman Marcus, the...

In a note released on Monday, Loop Capital Markets said it believes Ulta Beauty Inc (NASDAQ: ULTA) is overdue for a stock split given its view that a stock split will increase the company's attractiveness to individual investors. Stock Split May Serve Ulta Beauty Well Analyst Anthony Chukuma roots...

After market close Thursday, Ulta Beauty Inc (NASDAQ: ULTA) reported its fourth-quarter results and issued Q1 and fiscal 2017 guidance. Although earnings beat consensus estimates by more than 5 percent and a $425 million share buyback was announced, guidance was seen as soft, with the top end of Q1...

If you are a financial executive with experience at the C-level, the following companies may want your services: Kohl's Corporation (NYSE: KSS), Coach Inc (NYSE: COH), Nordstrom, Inc. (NYSE: JWN), Whole Foods Market, Inc. (NASDAQ: WFM) and privately-owned Neiman Marcus. According to Gadfly's Shelly...

Shopify Inc (NYSE: SHOP) is expanding a test for its merchants of a so-called "buy button" feature on Facebook Inc (NASDAQ: FB), even as it prepares to go whole hog with a similar plan through Pinterest. Shopify closed Wednesday at $28.10, off $0.24, but up more than 9 percent since a May 20...

The Wall Street Journal reported on December 18, 2013 that Target Corporation (NYSE: TGT) had been the victim of an "extensive theft" of customers' credit and debit card data. Understandably, consumers panicked and investors worried. The timing couldn't have been worse, as...

Nobody likes to deliver bad news, but this type of news could lead to you saving money. According to the Secret Service, it’s estimated that up to 1,000 businesses have been impacted by Backoff malware, potentially impacting millions of consumers. If you’re not familiar with Backoff...