Hudson's Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote

México Noticias Noticias

Hudson's Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote
México Últimas Noticias,México Titulares
  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

These are the stocks posting the largest moves before the bell.

The deal allows the department store chain to continue operations, after its Fifth Avenue flagship and other stores closed earlier this year.

Department stores as a sector have been struggling to grow sales, as falling foot traffic in malls hurt chains. Earlier this month, luxury chain Barneys New York filed for bankruptcy and J.C. Penney announced it was working with restructuring advisers to lessen its debt.That Le Tote, which was founded as a start-up in 2012, is able to snag the longstanding department store chain, speaks to how far department stores have fallen.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

CNBC /  🏆 12. in US

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Polly Hudson: The Great British Bake Off is back - but I won't be tuning inPolly Hudson: The Great British Bake Off is back - but I won't be tuning inPolly Hudson: 'The Great British Bake Off is back - but I won't be tuning in'
Leer más »

Kate Hudson Joking That She Has 3,000 Kids Is Totally RelatableKate Hudson Joking That She Has 3,000 Kids Is Totally RelatableKate Hudson Joking That She Has 3,000 Kids Is a Very Relatable Mom Moment
Leer más »

Chinese-owned nickel plant spills waste into Papua New Guinea bayChinese-owned nickel plant spills waste into Papua New Guinea bayWaste from a nickel plant in Papua New Guinea owned by Metallurgical Corporation...
Leer más »

Michael Bay in Talks to Direct Sony Action Film 'Black Five'Michael Bay in Talks to Direct Sony Action Film 'Black Five'
Leer más »

G-7 countries slammed over $22 million pledge to fight Amazon wildfires: 'Netflix paid $100 million to stream 'Friends''G-7 countries slammed over $22 million pledge to fight Amazon wildfires: 'Netflix paid $100 million to stream 'Friends'''The US has spent over $100 million on Trump's golf trips,' journalist Jordan Uhl tweeted.
Leer más »

Ellen DeGeneres and Portia de Rossi sell Beverly Hills homeEllen DeGeneres and Portia de Rossi sell Beverly Hills homeThree months after buying a Beverly Hills estate from Adam Levine, Ellen DeGeneres and Portia de Rossi have sold another home in the 90210 for $15.5 million.
Leer más »



Render Time: 2025-03-31 01:42:39