Nearly 200 people will lose their jobs after the New Year at a Saks Inc. distribution center in Aberdeen, according to a notice filed Wednesday with the state Department of Labor, Licensing and Regulation.Read More »
NEW YORK — Luxury merchant Neiman Marcus is getting a new owner. Ares Management and Canadian Pension Plan Investment Board announced Monday they are buying the luxury chain Neiman Marcus for $6 billion. The two new owners will hold an ...Read More »
NEW YORK — Retailers could be sweating it out this summer. Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that could leave merchants ...
Tagged with: costco earnings Economy gas prices international council of shopping centers Kohl's limited brands macy's Manufacturing Retail saks fifth avenue sales shoppers target victoria's secret wall street wet sealRead More »
NEW YORK — Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants had to mark down coats and other gifts to get ...
Tagged with: costco discounts earnings Economy gifts international council of shopping centers Kohl's macy's merchants nordstrom Retail retailers saks saks fifth avenue sales target victoria's secret Wal-martRead More »
This week, the Greater Baltimore Board of Realtors announced that Dwayne Carte was hired as the new executive vice president of the 3,400-member nonprofit. Carte, 47, is a Realtor and a national motivational speaker and business coach from Minneapolis. He ...
Tagged with: Arundel Mills cockeysville Community College of Baltimore County continental realty cross keys greater baltimore board of realtors lutherville macy's Maryland Higher Education Commission medifast National Association of Realtors Owings Mills Mall Rouse Co. saks fifth avenue stevenson university towson town center Trout Daniel & AssociatesRead More »
NEW YORK — It’s a Christmastime tradition for shoppers, New Yorkers and tourists alike: Checking out store windows decorated for the holidays. Many of this year’s windows use high-tech displays to showcase traditional stories and symbols of the season. At ...Read More »
How desperate are high-end retailers? They’re so hungry for customers this holiday season, they’re willing to literally give away thousands of dollars to shoppers who buy something from their Web site. The promotion is called “Mystery Money” — those who ...Read More »