The parent company of Saks Fifth Avenue said Friday (March 5) it was splitting its eCommerce and 40 traditional retail stores into “separate but related sister companies” in a move it said would “redefine the luxury shopping ecosystem.” Get the Full Story Complete the form...
HBC has announced HBC Properties and Investments (HBCPI), an investments and real estate business to supervise, optimize and improve the firm’s asset collection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
As consumers shift their spending from brick-and-mortar stores to eCommerce sites, iconic American fashion and houseware brands are shuttering their flagship stores. Lord & Taylor, for example, plans to close its store on Manhattan’s swanky Fifth Avenue, CBS reported. That decision came after the retailer...
Welcome to Five at Five, your late look at payments and commerce news you might have missed. Today’s stories include details about Amazon’s new plans for India, Apple’s new Face ID setting and why Ant Financial is shifting focus. There is also news about the...
August 21, 2024
The planned acquisition of Neiman Marcus Group (NMG) by HBC, the parent company of Saks Fifth Avenue, is one step nearer to closing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, […]
October 21, 2020
HBC has announced HBC Properties and Investments (HBCPI), an investments and real estate business to supervise, optimize and improve the firm’s asset collection. Get the Full Story Complete the form...
October 25, 2017
WeWork, a New York-based company providing flexible, coworking workspaces, has inked a deal to acquire space in department store chain Lord & Taylor’s flagship Manhattan location for $850 million. Get...
February 10, 2016
A month after acquiring Gilt, Saks is getting it into its stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
