Saks Fifth Avenue

Barneys New York department store (AP Photo/Frank Franklin II)

NYC sets deadline for stores in profiling probe

NEW YORK (AP) — Probing allegations of racial profiling, New York City is giving 17 major retail stores until Friday to submit information on how they’ve dealt with shoppers suspected of stealing. The City Council […]

11/20/2013

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Owners of Neiman Marcus sell chain for $6 billion

NEW YORK (AP) — 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 […]

09/09/2013

Saks & Company store in New York. (AP Photo/Seth Wenig, File)

Hudson’s Bay buying Saks for about $2.4 billion

NEW YORK (AP) — Don’t let the global economy fool you: Luxury is hardly dead. Saks Inc. agreed to sell itself to Hudson’s Bay Co., the Canadian parent of upscale retailer Lord & Taylor, for […]

07/29/2013

(AP Photo)

Discounts abound as stores try to salvage season

NEW YORK (AP) — When it comes to fat holiday discounts, better late than never. This holiday shopping season, many stores haven’t been offering the same blockbuster deals as they have in years past. But that’s changing now.

12/19/2012

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