Today: 5. Nov, 2024
Macy’s has recently adjusted its full-year sales outlook, reflecting the difficulties the department store chain faces as it contends with increasingly selective consumers and intensified promotional activities. The retailer now expects net sales to range from $22.1 billion to $22.4 billion, down…
In recent developments within the luxury retail sector, Neiman Marcus CEO Geoffroy van Raemdonck has firmly addressed the escalating rumours regarding a potential acquisition by Saks Fifth Avenue. Speaking to CNBC, van Raemdonck emphasized the company’s stable position, stating, “There’s no need…
In a surprising turn of events, Macy’s, a cornerstone of American retail, has become the center of Wall Street’s attention. The iconic retailer saw its shares leap by 15% following the news of a staggering $5.8 billion buyout offer. This offer, extended…
