Retail

Lord & Taylor holding going-out-of-business sales as company closes all stores

The sale, led by the joint venture of Hilco Merchant Resources and Gordon Brothers, will take place at the 194-year-old brand's 38 brick-and-mortar stores and online marketplace. The discounts will apply to any existing inventory, new store arrivals and on new categories not previously sold at these stores.

Nike to cut ties with several big retailers in favor of direct to consumer move

As part of Nike's Consumer Direct Offense strategy, the company will no longer sell to nine major wholesale retail partners including Belk, Dillard’s, Zappos, Boscov’s, Bob’s Stores, Fred Meyer, EBLens, VIM and City Blue, according to a note to investors by Susquehanna Financial Group analyst Sam Poser.