The Latest
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After Nearly 200 Years, Lord & Taylor Goes Out of Business
Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month. The retailer was sold just a year ago for $100 million to Le Tote, a San Francisco online clothing rental company, by Canadian parent Hudson’s Bay Co. Lord & Taylor will permanently close its remaining 38 stores…
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Citing Virus, Valentino Sues to Get Out of Fifth Avenue Lease
Valentino wants out of New York’s prestigious Fifth Avenue. The Italian fashion house is suing its landlord, hoping to break its lease early. It says that the coronavirus pandemic has made it impossible to offer a high-end shopping experience at the Fifth Avenue address, where it has sold $1,000 pumps and $2,600 clutches since 2013. In a lawsuit filed Sunday,…
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Gone in a New York Minute: How the Amazon Deal Fell Apart
Immediately after Amazon’s Nov. 12 announcement, criticism started to pour in.
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For Amazon, Business as Usual Despite Bezos Drama
First it was a heart-wrenching tweet that he and his wife were getting a divorce after 25 years. Then a tabloid revealed that he’d been having an affair, releasing texts and photos of him and his mistress. As if either of those weren’t distracting enough, now Jeff Bezos — the world’s richest man and CEO of Amazon — is accusing...
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Snacks on Wheels: PepsiCo Tests Self-Driving Robot Delivery
PepsiCo says it will start making deliveries with self-driving robots on Thursday at the University of the Pacific in Stockton, California. Students will be able to order Baked Lay’s, SunChips or Bubly sparkling water on an app, and then meet the six-wheeled robot at more than 50 locations on campus.
