Hudson's Bay Co has made a takeover approach for retail chain Macy's Inc, according to people familiar with the matter, in a deal that would push the Canadian department store operator deeper into the U.S. market.
Low-cost supermarket chain Lidl is launching a new fashion collection Thursday and will debut accessories as well as clothing. The company said it will be the first time shoppers could dress entirely in Lidl.
Nike has come under fire after a passerby found bags of destroyed merchandise outside the Nike SoHo flagship. The vandalism act has sparked allegations the sportswear giant is trying to get rid of unsold merchandise.