Luxury goods retail
FILE - This May 7, 2020 file photo shows a closed Neiman Marcus store at the Garden State Plaza mall in Paramus, N.J. Neiman Marcus is hoping to capitalize on rebounding luxury sales by investing more than $500 million over the next three years in refreshing stores, speeding up deliveries and acquiring new technology. The plan, unveiled Tuesday, June 15, 2021, includes a pact to purchase Stylyze Inc., a startup that recommends outfits for customers based on past purchases and browsing history. (AP Photo/Seth Wenig)
Neiman Marcus to spend $500M on new investments amid rebound

By Anne D'innocenzio Jun. 15, 2021 03:57 PM EDT

FILE - The Amazon logo appears in Douai, northern France on April 16, 2020. With many independent bookstore owners facing the most dire financial crisis in their lifetimes, the American Booksellers Association has teamed with an award-winning advertising agency known for “culture hacking” to dramatize the threats of the pandemic and the growing dominance of Amazon.com. On Tuesday, the trade group launched the “Boxed Out” campaign, for which a handful of bookstores around the country will have windows boarded up and boxes piled up out front that resemble Amazon delivery containers. (AP Photo/Michel Spingler, File)
Indie bookstores launch anti-Amazon 'Boxed Out' campaign

By Hillel Italie Oct. 13, 2020 02:01 PM EDT

FILE - In this Nov.25, 2019 file photo, people walk past a Tiffany jeweler shop on the Champs Elysees avenue in Paris. LVMH is ending its monthslong pursuit of luxury jewelry retailer Tiffany & Co., citing in part the impact of proposed tariffs on French goods. The Paris-based conglomerate said that it needs more time to assess the impact of U.S. tariffs on French goods and cannot close the deal before year-end. (AP Photo/Michel Euler, File)
Luxury goods giant LVMH cancels $14.5B deal for Tiffany

By Anne D'innocenzio Sep. 09, 2020 08:35 AM EDT

Chart shows same-store sales for J.C. Penney since 2006; 2c x 4 inches;
Pandemic claims another retailer: 118-year-old J.C. Penney

By Anne D'innocenzio May. 15, 2020 06:46 PM EDT

A closed Neiman Marcus store is seen at the Garden State Plaza mall in Paramus, N.J., Thursday, May 7, 2020. Neiman Marcus filed for Chapter 11 bankruptcy protection, sounding an ominous note for department stores during the coronavirus pandemic. (AP Photo/Seth Wenig)
Neiman Marcus becomes 2nd major retailer to seek Chapter 11

By Anne D'innocenzio May. 07, 2020 10:55 AM EDT