Jan 14 (Reuters) - High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday, barely a year after a deal that aimed to create a luxury ​powerhouse. One of the largest retail collapses since the pandemic, the development casts uncertainty over ‌the future of U.S. luxury fashion. Here are some key details of Saks' Chapter 11 court filing listed below: ASSETS AND LIABILITIES: Saks ‌Global listed its estimated assets and liabilities in the range of $1 billion to $1 ...

French luxury brand Chanel and Gucci owner Kering top the list of unsecured creditors of bankrupt U.S. department store Saks Global, with claims of $136 million and $60 million respectively, court do... ...

This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. Macy’s will fully shutter its distribution center in South Windsor, Connecticut, later this year, according to a Worker Adjustment and Retraining Notification Act notice dated Jan. 12. The retailer will close its store delivery and customer returns operating units at the facility after announcing plans to cut its backstage operating unit in October. The ...

Core Insights - Target Corporation is launching the Jeremiah Brent Home collection, an exclusive bedding assortment featuring over 80 pieces, with most items priced under $100, available starting January 18, 2026 [1][2][3] Product Details - The collection includes a variety of bedding items such as sheets, duvets, comforters, and blankets, available in sizes from twin to California king, with prices ranging from $30 to $119 [2][3] - The design emphasizes natural patterns, textures, clean lines, and calming neutral colorways, aiming for an elevated and timeless aesthetic [2] Availability and Shopping Experience - The collection will be available in approximately 1,800 Target stores and on Target.com, with options for same-day services like Drive Up and Order Pickup, allowing customers to receive items in as little as two hours [3] - Same Day Delivery is also offered, with delivery times as short as one hour [3] Company Background - Target Corporation, based in Minneapolis, operates nearly 2,000 stores and has a long-standing commitment to community support, donating 5% of its profits, which equates to millions of dollars weekly [4]

Jan 14 (Reuters) - Saks Global filed for bankruptcy late on Tuesday, adding to a long list of high-profile retail collapses in the United States in the past decade as they struggled to stay alive amid cut-throat competition from big-box and online retailers. Saks ​Global is a conglomerate of department stores created after then parent, Hudson's Bay, acquired rival Neiman Marcus in 2024. Saks Global owns ‌luxury chains Saks, Neiman Marcus and Bergdorf Goodman. Listed below are some of the biggest bankrup ...

Core Insights - J.C. Penney experienced declines in both net sales and net income in Q3, but noted progress in customer engagement and marketing efforts [3][4][7] - The retailer's marketing initiatives led to a 1% increase in trip frequency, marking the 18th consecutive month of improvement in this metric [4] - Celebrity partnerships, including those with Shaquille O'Neal and Ashley Graham, are expected to continue as part of the brand's strategy [3] Financial Performance - Total Q3 net sales decreased by 3.8% year over year to $1.36 billion, while total revenues fell 5.4% to just over $1.4 billion [7] - The net loss for Q3 widened by 488% to $100 million, although consolidated adjusted EBITDA for the first nine months of the fiscal year rose significantly to $172 million from $66 million in 2024 [7] - Gross margin contracted from 38.7% to 38%, with improvements noted in beauty, home, and children's categories [7] Market Position and Strategy - J.C. Penney gained 20% more loyalty customers and outperformed rivals in store traffic by approximately 180 basis points in Q3 [4] - The company aims to be a key shopping destination for diverse working families, despite challenges faced by its target demographic [5] - Analysts suggest that while a 3.8% sales decline positions J.C. Penney lower in the department store sector, the trend indicates potential stabilization in sales [6]

Core Insights - Macy's Inc. is making significant progress in its omni-channel transformation, enhancing digital capabilities and modernizing its operating model to create a seamless shopping experience [1] Group 1: Sales Performance - In Q3 fiscal 2025, Macy's achieved a 2% year-over-year comparable sales growth, marking the strongest performance in 13 quarters and indicating positive momentum [2][11] - The Reimagine 125 initiative in stores contributed to a 2.7% comp increase, outperforming the broader fleet [3] Group 2: Digital and Operational Enhancements - Enhancements to the Macy's app and website, along with stronger personalization and the expansion of Macy's Marketplace, significantly improved customer engagement [2] - The new fulfillment center in China Grove, N.C. has expanded automation and AI capabilities, leading to faster delivery and lower fulfillment costs [4] Group 3: Competitive Position and Future Outlook - Macy's digital enhancements and supply-chain modernization are reinforcing its competitive position, enabling a more resilient omni-channel model that supports sustainable growth [5] - The company's shares have surged 85.7% over the past six months, outperforming the industry's 71% growth [12] - Macy's is currently trading at a forward price-to-sales ratio of 0.29X, below the industry average of 0.54X, indicating potential value [14]

Market Overview - U.S. stock markets ended positively with the Nasdaq Composite, Dow Jones Industrial Average, and S&P 500 gaining 1.18%, 1.08%, and 0.93% respectively despite mid-week volatility [1] - Market direction was influenced by U.S. policy developments regarding Venezuela, enthusiasm for AI-linked technology stocks, and mixed economic data [1] Economic Indicators - The manufacturing Purchasing Managers' Index (PMI) fell to 47.9 in December 2025, the lowest since October 2024, indicating contraction [2] - Conversely, the Services PMI unexpectedly rose to 54.4 in December from 52.6 in the previous month, indicating expansion [2] - Nonfarm Payrolls increased by 50,000 jobs in December, below expectations, while the unemployment rate slightly declined to 4.4% from 4.5% in November [2] - Average Hourly Earnings increased by 3.8% year-over-year, up from 3.6% in November [2] Stock Performance - Indivior PLC shares rose 21.7% since being upgraded to Zacks Rank 1 (Strong Buy) on October 31, outperforming the S&P 500's 2% increase [4] - FormFactor, Inc. shares increased by 15.9% since its upgrade to Zacks Rank 2 (Buy) on October 31, also outperforming the S&P 500 [5] - An equal-weight portfolio of Zacks Rank 1 stocks outperformed the equal-weight S&P 500 index by 7 percentage points, returning +17.81% compared to +10.85% for the index [5] Focus List and Model Portfolios - The Zacks Focus List portfolio returned +22.1% in 2025, outperforming the S&P 500 index's +17.9% gain [12] - The Focus List has consistently outperformed the S&P 500 over various time frames, including a +22.1% return in the last year compared to +17.9% for the index [14] - The Earnings Certain Admiral Portfolio (ECAP) returned -1.67% in 2025, underperforming the S&P 500's +17.9% gain [15] - The Earnings Certain Dividend Portfolio (ECDP) returned -0.6% in 2025, also underperforming compared to the S&P 500 [19] Notable Stock Recommendations - FIGS, Inc. shares surged 56.8% since being upgraded to Outperform on November 7, significantly outperforming the S&P 500's 3.5% increase [8] - Five Below, Inc. shares increased by 21.7% since its upgrade on October 29, again outperforming the S&P 500 [8] - Mettler-Toledo International Inc. and Accenture plc saw returns of 16.6% and 16.5% respectively over the past 12 weeks [14]

Core Insights - Macy's is closing a fulfillment center in Tulsa, Oklahoma, as part of its strategy to modernize its supply chain and improve operations [1][2] - The closure is part of Macy's "Bold New Chapter" strategy, which aims to achieve $235 million in cost savings by 2026 [5] - Employees affected by the closure are being offered transfer opportunities, severance, and support [3] Group 1: Closure Details - The fulfillment center in Tulsa, which opened in 2015, spans 1.3 million square feet and was expected to employ around 1,500 full- and part-time workers [4] - The decision to close the facility was made after careful consideration, with no further details provided on the number of employees impacted [2][3] Group 2: Supply Chain Strategy - Macy's is implementing changes to its supply chain network, including the opening of a new 1.4 million-square-foot automated facility in China Grove, North Carolina, which will enhance digital supply chain capacity [6] - The modernization efforts have reportedly led to faster and more reliable operations, as noted by CEO Tony Spring [5]

Core Insights - Macy's Inc. is closing 14 stores across 12 states as part of its ongoing strategy to streamline operations and enhance customer experiences [1][5][8] Group 1: Store Closures - The closures are part of Macy's "A Bold New Chapter" strategy, which aims to close 150 underperforming stores by the end of 2026 [2][5] - The impacted stores will begin clearance sales this month, lasting approximately 10 weeks, with closures expected around the third week of March [6][7] - The specific locations of the 14 closing stores include states such as California, Georgia, Maryland, Michigan, Minnesota, New Hampshire, New Jersey, North Carolina, Pennsylvania, Texas, and Washington [8][9][10][11][12][13][14][15][19][20][21] Group 2: Financial Performance - CEO Tony Spring reported that the "Reimagine" element of the strategy, which involves investing in 125 of Macy's best-performing stores, has resulted in a 2.7% increase in comparative sales for those stores in the third quarter [3][4] - Macy's stock price rose approximately 5.5% to $23.72 per share following the announcement, with a year-to-date increase of 7.57% and a nearly 48% rise over the past 12 months [22][23]