Forced to stay home, even as the weather warms up, consumers are indulging in a little retail therapy by way of swimwear and resort wear.

Debate is building on what is the best scenario for the Neiman Marcus Group to survive.

For Neiman Marcus Group to come out of bankruptcy and survive, industry executives say it must pare down and modernize.

Interest payments and the coronavirus are taking a severe toll on the luxury retailer.

Saks Fifth Avenue and Hudson’s Bay are donating $1.3 million, and Tapestry is committing $2 million to the COVID-19 relief efforts.

Options are on the table, but retail experts see bankruptcy to restructure and continue operating as the most likely scenario for the luxury retailer.

The luxury retailer will close most of its Last Call clearance units and cut approximately 750 jobs.

Five days after going private and change is accelerating at HBC.

Richard Baker has been forging a new future for HBC with Foulkes stepping down and the company going private.

By going private, HBC can focus more on improving its operations.

The vote in favor of privatization was expected after Richard Baker and a group of like-minded continuing investors upped their offer to 11 Canadian dollars.

The HBC division wants to solidify its position in the off-price sector against increasing competition.

But the company’s buyout-induced run-up does not change the operating realities facing the traditional retail crowd.

The two groups are in talks about Catalyst supporting a higher offer from the continuing shareholders, sources said.

Not enough shareholders are supporting the bid by Richard Baker and his like-minded investors to take HBC private.