Hudson’s Bay Co, owner of the Saks Fifth Avenue and Lord & Taylor retail chains, plans to review its options including going private following pressure from an activist shareholder, people familiar with the matter said.
U.S. teen apparel retailer Abercrombie & Fitch Co posted a much smaller than expected quarterly loss on Thursday, helped by robust demand for its Hollister brand, sending the company's shares soaring nearly 20 percent.
American Eagle Outfitters reported a surprise rise in comparable sales for the second straight quarter and posted better-than-expected quarterly sales and profit helped by strong demand for its Aerie line of lingerie.
Hudson's Bay will open its first store in the Netherlands on September 5 instead of September 19 as originally planned. The range will be younger and more fashion forward than that of its sister retailer Galeria Kaufhof.
After closing 19 stores last year, Kohl's has announced plans to open four more small format stores and add a fifth ecommerce fulfillment center in an effort to find relevance in the modern changing retail landscape.
Target has been struggling to keep up with fast fashion competitors. It is dumping Mossimo and Merona and introducing new private label brands this fall across multiple categories, including its women's A New Day brand.