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Owners of Neiman Marcus sell chain for $6 billion
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 equal economic interest in Neiman Marcus, and the company's management will retain a minority stake. "We plan on investing meaningful capital into the busin[...]
At Ikea, snooze you can use
Have you ever strolled through the Ikea in White Marsh or College Park, looked at a model bedroom and thought about how it looks so comfortable and wouldn’t it be a great place to lie down for a little nap?
Consumer spending up 0.5 percent in June
WASHINGTON — Consumers increased their spending in June at the fastest pace in four months even though their income growth slowed. Consumer spending rose 0.5 percent in June compared with […]
Budget fashion chain H&M opens U.S. online store
STOCKHOLM — After several delays, Swedish budget fashion chain Hennes & Mauritz AB on Thursday launched its online sales operations in the United States. H&M said everything that is available […]
Retailers report modest gains for May
NEW YORK — In the latest sign that Americans are feeling better about the overall economy, stores across the country had a pickup in sales in May. An improving job […]
State of the Arts: The arts helped bring Highlandtown from ‘impending doom’ to a new direction
Highlandtown, on the city’s east side near Canton and Butcher’s Hill, hasn’t enjoyed the status of “destination” in the same way some of its neighboring communities have.
Internet sales tax bill to hit roadblock in House
WASHINGTON — A bill to require Internet shoppers to pay sales taxes for online purchases may be cruising through the Senate but it will soon hit a roadblock in the […]
Tax-free Internet shopping jeopardized by bill
WASHINGTON — Tax-free shopping on the Internet could be in jeopardy under a bill making its way through the Senate. The bill would empower states to require online retailers to […]
‘Walk Annapolis’ promotes shopping in Md. capital
ANNAPOLIS — City leaders in Annapolis are launching a “Walk Annapolis” campaign to highlight the walkability and shop-ability of the state capital. Annapolis Mayor Joshua Cohen plans to launch the […]
Wal-Mart outlook wary even as profit rises
NEW YORK — As the fortunes of many Americans go, so goes Wal-Mart. The world’s largest retailer on Thursday reported an 8.6 percent rise in fourth quarter profit due to […]
Target unveils year-round online price match
NEW YORK — Target Corp. is pledging to match prices of select online rivals year-round, a move that underscores how physical and online retailing are being meshed together. Matching online […]
Stores look to week after Christmas for sales
Bargain-hungry Americans will need to go on a post-Christmas spending binge to salvage this holiday shopping season. Despite the huge discounts and other incentives that stores offered leading up to […]
