“There has been a transformation in retail,” one expert said.

The deal means $1.5 billion in new financing for the stores.

Getting the timing right can mean the difference between a successful bankruptcy and one that leaves debts behind.

Detroit has been struggling for a while, and yesterday a federal judge ruled that the city is eligible for bankruptcy and can impose cuts to its municipal pension plans. That ruling could have a big ...

On Wednesday Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman and the largest luxury ...