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Neiman Marcus Cuts 225 Jobs in Reorganization Plan

In an effort to align itself with consumers’ current shopping habits, luxury retailer Neiman Marcus has announced reorganization plans that includes eliminating jobs and putting Last Call under the microscope.

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Walmart, JD.com Announce Shopping Festival, New Synergies

China's second largest e-commerce company JD.com and Walmart have announced the new 8.8 shopping festival and an extension of their strategic alliance.

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Michael Kors to Acquire Jimmy Choo for $1.2B

The battle for Jimmy Choo is over. Michael Kors has entered into an agreement to buy the London-based luxury shoemaker for $1.2 billion.

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Amazon is Hungry for Social Media Conversions, MealKit Fans

With its latest offerings, Amazon bows Spark, its own shoppable version of Instagram, as well as a direct competitor to meal kit companies like BlueApron.

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TJX Set to Bow HomeGoods Sister Concept, Homesense

Off-price powerhouse TJX to give HomeGoods a sister chain with Homesense, a concept with a deeper furniture selection, lighting gallery and a general store.

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Pence Promises Fair, Swift Tax Reform That Will Benefit U.S. Businesses

Speaking at the National Retail Federation's Retail Advocates Summit in Washington, vice president Mike Pence promised fair, swift and business-centric reform to the U.S. tax code—with no mention of the BAT.

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