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Retail
Can Saks’ new CEO repair the damage done to the luxury retailer by years of being treated as a ‘financial plaything’?

Geoffroy van Raemdonck’s first order of business will be to win back fashion brands.

By Phil WahbaJanuary 15, 2026
saks
Saks files for bankruptcy as its CEO sees ‘defining moment’ after multibillion-dollar Neiman Marcus takeover
By Anne D'Innocenzio and The Associated PressJanuary 14, 2026
Walmart teams with Alphabet for AI-assisted shopping on Gemini
By Jaewon Kang and BloombergJanuary 11, 2026
Outgoing Walmart CEO Doug McMillon
Walmart’s CEO Doug McMillon out-earns the average American’s salary in less than 20 hours—during a typical 30-minute commute, he’s already made $1,563
By Emma BurleighJanuary 9, 2026
Nela Richardson, chief economist at Automatic Data Processing Inc. (ADP).
For jobless Gen Z, healthcare is the place to be as blue-collar hiring outstrips office jobs, says ADP’s top economist
By Eleanor PringleJanuary 8, 2026
Latest Stories
Photo: President Donald Trump during a bill signing event with dairy farmers in the Oval Office on Wednesday January 14, 2026.
InvestingTrump triggers retail investors to dump the Magnificent Seven  
By Jim EdwardsJanuary 15, 2026
The Verizon logo displayed on a smartphone screen on September 30, 2024. (Photo illustration: Justin Sullivan/Getty Images)
NewslettersVerizon hit with a major U.S. outage
By Andrew NuscaJanuary 15, 2026
NewslettersThe new CEO leading Saks Global through bankruptcy follows a management philosophy of ‘leading with love’
By Diane BradyJanuary 15, 2026
Photo of a job applicant being interviewed
EconomyDesperate job seekers are abandoning the idea of a ‘dream job’—but an economist warns bosses about what could happen next 
By Jacqueline MunisJanuary 15, 2026
sharma
CommentaryAI will infiltrate the industrial workforce in 2026—let’s apply it to training the next generation, not replacing them
By Kriti SharmaJanuary 15, 2026
SuccessDespite a $45 million net worth, Big Bang Theory star still works tough, 16-hour days—he repeats one mantra when overwhelmed
By Orianna Rosa RoyleJanuary 15, 2026
Young girl uses AI virtual assistant to do schoolwork.Concept of Artificial Intelligence and Futuristic technology
AITeachers decry AI as brain-rotting junk food for kids: ‘Students can’t reason. They can’t think. They can’t solve problems’
By Eva RoytburgJanuary 15, 2026
EconomyAmerica’s $952 billion annual burden: Exploding interest on national debt is set to surpass Medicare spending within the decade
By Shawn TullyJanuary 15, 2026
More RetailPage 94 of 100
Finance1.5 million dehumidifiers from Kenmore, GE, SoleusAir, Norpole and Seabreeze are being recalled after fire reports
By The Associated PressAugust 17, 2023
FinanceNew Jersey has shut 27 Boston Market restaurants and fined the firm $2.6 million for not paying employees
By The Associated PressAugust 17, 2023
cans of bud light beer
LifestyleAB InBev’s Bud Light has started to win over Americans again, according to a Deutsche Bank survey
By Prarthana PrakashAugust 17, 2023
Doug McMillon
RetailWalmart crushes expectations, raises outlook and has a message about the economy: ‘Jobs, wages, and pockets of disinflation are helping our customers’
By Brendan Case and BloombergAugust 17, 2023
Brian Cornell, chief executive officer and chairman of Target Corp
RetailTarget bosses pledge ‘modifications’ to its Pride Month collections after transgender merch backlash
By Christiaan HetznerAugust 17, 2023
Taylor Swift
RetailTarget explains its first sales drop in 6 years with a Taylor Swift excuse: ‘Guests are out at concerts. They’re going to movies’
By Anne D'Innocenzio and The Associated PressAugust 17, 2023
a female worker bottling beer bottles
RetailCarlsberg’s Russian beer empire faces nationalization under Putin’s crackdown, CEO fears
By Prarthana PrakashAugust 17, 2023
RetailWorkers at bankrupt retail chain were promised a bonus to show up during its liquidation sale. But now they won’t be paid
By Steven Church and BloombergAugust 16, 2023
CommentaryTo measure social impact, we could start by using the tools we already have
By Shamina SinghAugust 16, 2023
A picture on On shoes inside a store
RetailRoger Federer-backed shoe brand On has surging U.S. sales—but the strength of its home currency against a weak dollar is causing problems
By Prarthana PrakashAugust 16, 2023
cans of Monster Energy Beverage
RetailRed Bull needs to watch its back, according to analysts—it’s got an energy drink competitor from the U.S. which may steal its $70 billion-industry throne
By Prarthana PrakashAugust 15, 2023
Retail sales
RetailRetail sales roar in July as American consumer beats expectations again
By Anne D'Innocenzio and The Associated PressAugust 15, 2023
Nestle cookie dough packages
RetailNestlé recalling batches of its famous cookie dough out of fear they may contain wood fragments
By Prarthana PrakashAugust 15, 2023
confused man
TechYour forgetting to cancel one of many subscriptions is big business: Study finds up to 200% sales boost from pure absentmindedness 
By Irina IvanovaAugust 15, 2023
TechAmazon’s new fake reviews solution: adding AI summaries so you can get through them faster
By Haleluya Hadero, Irina Ivanova and The Associated PressAugust 14, 2023
RetailBillionaire Jeff Bezos and Lauren Sanchez say they’re ‘heartbroken’ by the Maui fires and will donate $100 million to help the island ‘get back on its feet’
By Alicia Diaz and BloombergAugust 11, 2023
An Amazon package hanging out of a slightly too-small mailbox
RetailAmazon wants to ship your orders without a box. Shoppers worry it will boost package theft, but psychology shows it could actually deter it
By Paige HagyAugust 11, 2023
RetailMcDonald’s is removing ‘ESG’ from parts of its website amid a conservative backlash against ‘woke capitalism’
By Daniela Sirtori-Cortina and BloombergAugust 11, 2023
LVMH chairman and CEO Bernard Arnault with the fashion conglomerate's logo in the background
RetailCoach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH
By Paige HagyAugust 10, 2023
Coach
RetailBig fashion gets bigger as Coach and Kate Spade parent Tapestry splashes out $8.5 billion to buy the Versace, Michael Kors and Jimmy Choo owner
By Michelle Chapman and The Associated PressAugust 10, 2023
RetailOne of the biggest gas-guzzling SUVs—the Cadillac Escalade—is going electric. But it will cost you $130,000
By David WelchAugust 9, 2023
CommentaryCash-poor Americans are paying $25 billion in hidden ‘junk fees’ each year–but there’s a simple solution to protect them
By Rodney WilliamsAugust 9, 2023
U.K. government official John Glen
LifestyleFearing a repeat of Bud Light, U.K. government tells business leaders to stay away from politics and ‘woke’ culture wars
By Prarthana PrakashAugust 9, 2023
Marijuana smoker in New York City
RetailVeterans’ lawsuit shuts down New York pot industry on argument that only drug convicts are getting licenses
By Anthony Izaguirre and The Associated PressAugust 8, 2023
CommentaryDaniel Lubetzky: ‘You can’t make big ESG commitments while failing at the basics of kindness’
By Daniel LubetzkyAugust 8, 2023
PoliticsWhile other companies leave the Russian market, the maker of Bacardi thrives there
By Chris MorrisAugust 8, 2023
Rao's pasta sauce on a shelf in a grocery store.
RetailCampbell Soup agrees to buy Sovos Brands, maker of Rao’s pasta sauce, for $2.7 billion as it looks to build a ‘$1 billion sauces business’
By Paolo ConfinoAugust 7, 2023
CommentaryBud Light’s downfall marks a seismic shift in consumer behavior–and parent company AB InBev doesn’t seem to get it
By Richard TorrenzanoAugust 7, 2023
Andy Jassy
RetailAmazon surges as Andy Jassy’s big cuts come with big revenue beat
By Spencer Soper and BloombergAugust 4, 2023
Commentary‘An invisible epidemic’: America’s workers are going hungry as food insecurity bites
By Dilip RaoAugust 4, 2023
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