Sears Holdings Chairman Eddie Lampert's ESL Investments has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting.
As the apparel company moves forward with its acquisition by founder George Feldenkreis, Perry Ellis International has reported slipping revenues in the second quarter, dragged down by lost womenswear sales.
Estee Lauder topped expectations for quarterly profit on Wednesday but investors were worried about slowing U.S. sales as fewer shoppers visit department stores where the company sells a bulk of its products.
U.S. mall owners Namdar Realty Group and Washington Prime Group Inc are in talks to acquire U.S. department store operator Bon-Ton Stores Inc out of bankruptcy, people familiar with the matter said on Tuesday.
Perfumania Holdings Inc, a U.S. retailer with exclusive distribution rights to several Trump-branded colognes, has hired advisers to explore strategic alternatives, including a debt restructuring, according to sources.