retailer

Saks shares have spiked on takeover speculation. Reports say a private equity consortium with U.S. and U.K. players is interested in buying the retailer and could offer some $1.7 billion for it.

Dress Barn hopes to undergo an extreme makeover. The company is seeking shareholder approval to change its corporate name to Ascena Retail Group Inc., or Ascena, and to reorganize into a holding company. "The proposed change in structure and name should provide an image more closely aligned with...

Here's news from the business world and other money matters to watch out for Friday (last updated at 8:09 a.m. Eastern time): Economic Reports Affirm Slowing: Data released Thursday raised further questions about the robustness of the economic recovery, sending stocks lower on Wall Street. The...

Here's news from the business world and other money matters to watch out for Wednesday (last updated at 7:59 a.m. Eastern time): FCC Bungling Propelled 'Net Neutrality' Deal: Efforts by the Federal Communications Commission in recent years to maintain a level playing field for Internet traffic may...

Here's news from the business world and other money matters to watch out for Monday (last updated at 8:14 a.m. Eastern time): IPO's Success Falls To New CEO: As General Motors speeds toward its public stock offering, newly named CEO Daniel Akerson will need to convince shareholders that the...

Winn-Dixie Stores (WINN) will close 30 stores and reduce staff as part of a multi-million dollar cost-cutting plan. The company plans to eliminate 120 positions on top of those directly related to the store closure, Winn-Dixie said in a statement. The annualized savings will be in the range of...

Wal-Mart is trying to keep better track of its inventory by adding smart tags, or RFID (radio frequency identification) tags, to individual items in its stores. But privacy experts and consumers are worried that store merchandise won't be the only thing it tracks. Starting next month the tags,...

Remember that movie, The Truman Show, where a guy's entire life was secretly filmed and broadcast world wide? In the movie, it was possible to catch Truman's every action on tape because his habits were so predictable. We think that would never happen to us, but it does. Every day. Retailers have...

Reports that Men's Wearhouse was opening a Women's Wearhouse weren't on the button after all. In fact, Men's Wearhouse CEO George Zimmer said in the Wall Street Journal they were downright "inaccurate." "We are not opening up a chain of women's wear stores," he said. In correcting an original...

By Mike Schuster, Minyanville.com Purveyor of sultry bedroom wear, finicky snap clasps and freakish angel-model hybrids, Victoria's Secret, has become a favorite among fashion-conscious women and preteen boys alike. So popular, in fact, that the 33-year-old company represents the chiefest segment...