#neiman-marcus-closure

#neiman-marcus-closure

[I'm] lucky to get three cars a day. And most people don't even buy a thing.

"When you're a public company, your scorecard is your stock price, and that has a lot to do with the results you generate. If the investment community doesn't think very highly of department stores, which they don't, your multiple goes down."

"Clearly, we look close and every day on the situation. It has a direct impact on store opening and store performance because there's not many tourists or less tourists shopping." - Daniel Grieder, CEO of Hugo Boss.

Colin Walsh, Glossier's new chief executive, stated that the closures are necessary to focus on a 'true expression of where this brand has been and where it needs to go.'

For over two decades, ECRM has functioned as the bridge over that gap. From February 15-19, 2026, the Hyatt Regency DFW in Dallas, Texas, became the epicenter of retail evolution as ECRM hosted its Winter Sessions. With more than 6,100 curated, pre-scheduled meetings taking place over three intense days, the event served as a precision engine for retail discovery and category growth.

In its earnings report yesterday, The Gap reported the following for its fourth quarter, which ended January 31, 2026: Net sales: $4.2 billion (up 2% year over year), Net income: $171 million, Diluted earnings per share (EPS): $0.45. Unfortunately for the company, these results were either in line with or below expectations.

In an earnings call on Nov. 6, 2024, Douglas J. Healey, senior executive vice president of leasing for Macerich, which owns the mall, announced that RH (formerly Restoration Hardware) had signed a lease to take over the 50,000-square-foot building at 1000 S. Main St. Neiman Marcus closed the prominent corner location in 2021 after filing for bankruptcy the year before.

The high street fashion group has acquired the Russell & Bromley brand, three of its 36 standalone stores and a tranche of existing stock, for which it is paying a further £1.3 million. The remaining 33 stores, along with nine concession outlets employing around 400 people, are not included in the transaction and are now under review by administrators. Administrators Interpath said the non-acquired stores would continue trading for now while options are explored, including potential closures or further sales.

That equity investment is now presumptively worthless after Saks continuously failed to meet its budgets, burned through hundreds of millions of dollars in less than a year, and ran up additional hundreds of millions of dollars in unpaid invoices owed to its retail partners," Amazon's attorneys wrote in a court filing on Wednesday, just hours after Saks Global filed for Chapter 11 with a $1.75 billion financing package.

Profit margins at the world's largest luxury goods companies have almost halved in just three years, prompting calls for more disciplined cost management that preserves brand equity while restoring profitability. Research from supply chain consultancy Inverto, part of Boston Consulting Group, shows that the average operating margin across the 20 biggest luxury groups has fallen from 24 per cent in 2022 to 13 per cent today.

Regional performance remained uneven. Asia excluding Japan saw organic sales fall 4%, underperforming the group average as consumer spending in China remained subdued amid ongoing economic headwinds. Despite this, LVMH continued to invest heavily in the region, including the opening of a ship-shaped Louis Vuitton flagship in Shanghai in June 2025 and a new Dior store in Beijing in December, both of which have begun to gain traction.

While the internet is wide with chic items that may catch your eye, there's no better sign of what's truly on trend and worth a buy than seeing something consistently fly off the virtual shelves. Whether that's a viral collagen mask or a wine accessory that will keep your drinks colder, longer, some of the best and bougiest items are the ones shoppers just can't get enough of. But if you're not yet convinced, continue ahead for a curated edit of the best of the best.

Saks OFF 5th is closing its Assembly Row store in Somerville and its outlet in Wrentham as its parent company, Saks Global, files for bankruptcy. On Thursday, the company announced it will shutter most of its Saks OFF 5th locations and all remaining Last Call stores, shifting its focus to luxury retail and full-price operations. The company began closing sales at certain Saks OFF 5th stores starting Saturday.