That values the deal at $1.2 billion, or about $2.2 billion including debt, New York-based Jones said today in a statement. The deal is expected to close in the second quarter of next year and will take the company private....
Baucus, 72, would succeed Gary Locke, a former Washington governor and U.S. Commerce secretary, in the key diplomatic post. The Obama administration, which has tried to shift its diplomatic attention to Asia, has carefully cultivated relationships with Beijing and particularly the nation's new president, Xi...
Private-equity firm Sycamore Partners is nearing a deal to buy Jones Group Inc., the owner of Nine West, for $15 a share, a transaction that would value the retailer at about $1.2 billion, according to various reports....
Black Friday saw the greatest spike of the year in international shopping activity, with cross-border spending at U.S. retailers more than quadrupling (+330 percent) compared to the average shopping day in 2013...
“We are excited about the philanthropic commitment that Amazon Fashion has made to help grow Footwear Cares to a month-long program,” said Neal Newman, president of Two Ten Footwear Foundation. “Amazon Fashion really understands that it isn't just about the shoes, but rather it's about...
With a week to go before Christmas, retailers are in full battle mode, with many unveiling plans to keep their stores open for marathon stretches to give last-minute gift buyers every opportunity to spend....
Driven by low prices and value, 45.4 percent will wrap up their shopping at their favorite department store and 37.4 percent will head to discount stores. Others will shop at electronics stores (24.1 percent), clothing and accessory stores (23.6 percent), grocery stores (15 percent) and...
Foot Locker, Inc. unveiled its newest national advertising commercial to promote its "23 Days of Flight" campaign that focuses on Jordan product. The new commercial follows the successful launch of the "All Is Right" spot for "Week of Greatness" that kicked off the holiday season....
The American Apparel & Footwear Association (AAFA) announced Kevin M. Burke will step down as president and CEO, effective Jan. 21, 2014. Following the announcement, the AAFA Board of Directors will begin the process to identify a new President and CEO as quickly as possible....
Leading online retailer of designer brands and fashion trends, Bluefly, is introducing a new shoe line, independent shoe brand, Sofia Z Shoes, to their already extensive brand collection. The online retailer debuted the new footwear collection with the black suede, Studden Magali Peep-toe Pump....