Hudson's Bay could face investor pressure to monetize a portion of its $10 billion-plus global real estate portfolio, amid skepticism that restructuring plans will be insufficient to battle a tough real estate market.
The average UK man now owns as many shoes as British women do and his footwear collection is worth more than that of women, according to a new survey. The poll by e-tailer Spartoo also found a growing focus on trainers.
The bidders for Oasis, Coast and Warehouse are reported to include Philip Day, Foschini, Alteri and Truwowrths, but they are believed to have offered less than half the £100m the trio's owners had wanted.
The main shareholders of Austrian textiles company Wolford, which is currently trying to turn around its loss-making business, announced on Friday that they are looking to sell an undefined majority stake in the company
A group of Nordstrom Inc family members is reportedly talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private.
The Canadian department store operator said on Friday it would streamline its structure across its various store chains to compete in what it called a "brutal" retail environment, while its shares plunged to record lows.