Lord and Taylor to expand in Canada
Toronto—The private equity firm that owns both Lord and Taylor and Fortunoff department stores has acquired a Canadian retail company, setting the stage to expand its operations in that market.
Lord and Taylor terminates Finlay lease
New York—Finlay Enterprises Inc. has been notified by Lord and Taylor that its license agreements for 47 locations will not be renewed when they expire on Jan. 31, 2009.
Lord and Taylor takes it to the tents
Lord and Taylor will be under the main tent for Mercedes-Benz Fashion Week in New York City, showcasing images from its Spring 2008 campaign and live feeds from the American designers' shows on LED...
Odd couple revives retailer
Richard Baker, the financier who purchased Lord and Taylor in 2006, and Jane Elfers, a chief executive at the company, are behind the 182-year-old department stores recent success, International...
Fortunoff confirms it may file for Chapter 11
New York--Fortunoff Fine Jewelry and Silverware LLC is "considering" filing for Chapter 11 bankruptcy protection, company spokeswoman Arlene Putterman confirmed to National Jeweler on Wednesday.
Lord and Taylor owner to acquire Fortunoff
Westbury, N.Y.—Fine-jewelry and home furnishings retailer Fortunoff announced today that the company has agreed to sell the business to an affiliate of NRDC Equity Partners, which owns the Lord...
Cash-crunched Fortunoff files for Chapter 11
Westbury, N.Y.--Fortunoff Fine Jewelry and Silverware LLC has filed for Chapter 11 bankruptcy protection, citing the same dismal economic conditions afflicting retailers worldwide as well as a "severe...
Same-store 4Q sales fall for Finlay
New York--Though same-store sales for Finlay Enterprises Inc. fell 15 percent in the fourth quarter ended Jan. 31, the company still managed to squeak out a 3.2 sales increase for the fiscal year,...
Report: Lord in Taylor in talks to buy flagging Fortunoff
Westbury, N.Y.—Lord and Taylor is close to buying Fortunoff, the jewelry and home furnishings retailer teetering on the edge of bankruptcy, The New York Times reported on Thursday.
'The Source' to close its doors
New York--Sometime around the end of May, New York will say goodbye to yet another piece of its storied retail history.
Court approves auction of Fortunoff's assets
New York--A bankruptcy court judge has approved bankrupt retailer Fortunoff Fine Jewelry and Silverware LLC's request to auction off its assets, excluding goods obtained on memo, later this month,...
Court grants Fortunoff's request for Chapter 11 dismissal
New York—A bankruptcy court judge has agreed to dismiss Fortunoff Fine Jewelry and Silverware LLC's Chapter 11 bankruptcy protection case, provided the company pays all of its final administrat...
Fortunoff requests Chapter 11 case dismissal
New York—Fortunoff Fine Jewelry and Silveware LLC has reached an agreement with a group of its creditors and is asking the court to dismiss its Chapter 11 bankruptcy case, court papers show.
Analysis: How will the economy impact jewelry?
I've been trying to get a handle on the economy. Once I finally got hold of it, I tried to forecast the short-term direction of the jewelry industry. Quite a task.
Federated same-store holiday sales up 5.7 percent
Cincinnati—Federated Department Stores' same-store sales increased 5.7 percent for the November-December holiday season, compared with an increase of 1.1 percent for the same period the...
Survey: Bergdorf Goodman top luxury retailer
New York—Wealthy consumers have rated Bergdorf Goodman as the most prestigious luxury retailer for 2008, according to a new survey conducted by the Luxury Institute.
Finlay to exit department store business
New York--Jewelry retailer Finlay Enterprises revealed details of a "strategic plan" on Thursday that includes pulling out of the department store business and focusing solely on running standalone...
Two top managers retire from Finlay
New York--Just days after revealing it was shuttering its North Carolina operations, Finlay Enterprises Inc. has filed paperwork indicating that two top executives soon will retire from the company.
Diamour taps Coleman as merchandising SVP
New York—Diamond jewelry manufacturer Diamour has named Gary Coleman as its new senior vice president of merchandising, effectively immediately.
Fortunoff store-closing sales set for Thursday
New York--A court-ordered liquidation sale will begin this Thursday at all 20 stores operated by bankrupt jewelry and housewares retailer Fortunoff Fine Jewelry and Silverware LLC, the company...