By Reuters Published May 2, 2024 Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom, according to people familiar with the matter. Nordstrom Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, the company’s president, were exploring options to take the retailer private, confirming … Read more
Macy’s shares jumped 16% on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator at $6.58 billion. Reuters They raised the offer price to $24 per share from $21 for the stake they do not already own, representing a 38% premium to Macy’s closing price … Read more
In a regulatory filing with the United States Securities and Exchange Commission (SEC), GIC Private Ltd, a prominent fund manager headquartered in the Republic of Singapore, revealed on Thursday a new substantial ownership of shares in Kohl’s. Kohl’s According to the filing, GIC has taken 5,543,944 shares of Kohl’s common stock, constituting approximately a 5.01% … Read more
Kohl’s announced on Wednesday that Wendy Arlin has joined its board of directors an independent director. Kohl’s Arlin brings to the U.S. retailer more than three decades of experience in corporate finance, financial reporting, oversight and accounting, with expertise in the consumer industry. During her career, she held leadership roles at L Brands, Inc. for … Read more
They sure love a bargain. Two Colorado men convicted of felony theft for stealing over $2,000 worth of goods from a Kohl’s department store tried to get a deal on a lesser charge — because some of the stuff they stole was on sale. Michael Green, 50, and Byron Bolden, 37, were formally sentenced this … Read more
U.S. fashion brand Lands’ End reported a net revenue decrease of 12.5% to $324.7 million for the third quarter, hit by double-digit declines in its global e-commerce segment and dips in its third party revenue. Lands’ End The Dodgeville, WIsconsin-based company said global e-commerce net revenue was $216.4 million, plummeting 13.2%. Excluding Lands’ End Japan, which shuttered … Read more
By Reuters Published Dec 7, 2023 Lululemon Athletica Inc on Thursday forecast fourth-quarter revenue and profit below expectations, signaling a bleak holiday season as customers turn thrifty and cut back spending on premium apparel and accessories. Lululemon Shares of the Vancouver, Canada-based company, dropped nearly 4% in extended trading. Lululemon had enjoyed buoyant demand for … Read more
U.S. fashion brand Lands’ End reported a net revenue decrease of 12.5% to $324.7 million for the third quarter, hit by double-digit declines in its global e-commerce segment and dips in its third party revenue. Lands’ End The Dodgeville, WIsconsin-based company said global e-commerce net revenue was $216.4 million, plummeting 13.2%. Excluding Lands’ End Japan, which shuttered … Read more
