Business
The $700M in Market Share ‘Up for Grabs’ in the Saks Global Bankruptcy
Most of the talk around Saks Global’s bankruptcy has centered on the heartache, broken promises and lost money that fashion’s endured —…
Tag
Saks Fifth Avenue
Business
Saks Global Files for Chapter 11 Bankruptcy
Saks Global’s high-wire financial act is finally over. The company, which just over a year ago bought Neiman Marcus Group for $2.7…
Business
Standard & Poor’s Downgrades Saks Global
Standard & Poor’s, in a move that was largely expected, on Friday downgraded Saks Global. The ratings agency downgraded Saks Global to…
Business
Saks Fifth Avenue’s Latest AI Venture: A Virtual Voice Assistant Called Sophie
Saks Fifth Avenue is getting deeper into AI. The luxury retailer has partnered with two tech companies, NLX and Amazon Web Services, to…
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Saks Hosts Summer Dinner in the Hamptons
Saks Fifth Avenue hosted its annual summer dinner in the Hamptons on Thursday evening, this year held at the Watermill Center. The guest…
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Saks Global Update: What’s on the Minds of Vendors
It’s almost like vendors and Saks Global have called a truce — whether it’s temporary or permanent remains to be seen, depending on how…
Lifestyle
Prabal Gurung, Saks Fifth Avenue Cohost Cocktail Party to Celebrate the Designer’s New Book
Prabal Gurung‘s new memoir, “Walk Like a Girl,” was celebrated Thursday night at a cocktail party hosted by Saks Fifth Avenue and Gurung…
Business
Saks Arrived on Amazon, the Trade War Is Still on Its Way
There’s Amazon’s new push into luxury with Saks and then there’s the e-commerce company’s push even higher — literally into space.…
Business
Saks Bondholders Prove to Be a Tough Sell
Bondholders can be a tough crowd — just ask Saks Global. Equity investors are more excitable and want nothing but growth. But since…
Business
Saks Joins Amazon in Designer Fashion Breakthrough
Did Saks just help Amazon crack the luxury code? Maybe. The internet’s everything store has been looking to break into high-end fashion…
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A Transforming Saks Global Resets the Buying Team
Saks Global, continuing to integrate Saks Fifth Avenue and Neiman Marcus operations and reduce headcount, has formed a “commercial team”…
Business
EXCLUSIVE: Unpacking the Saks Global Plan to ‘Reset’ the Luxury Experience
In February, Saks Global said it had a master plan to “reset” the luxury experience, but offered few specifics. What it did lay out were a…
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New York’s Fifth Avenue Named World’s Most Expensive Retail Location by Savills
LONDON – Fifth Avenue in New York is the most expensive retail location worldwide, according to new research from Savills, which has…
Business
Authentic Luxury Group Eyeing John Elliott Acquisition: Sources
Authentic Luxury Group is on the verge of making its first acquisition. Last October, Saks Global, owner of Saks Fifth Avenue and Neiman…
Beauty
What Beauty Shoppers Bought During Q1, According to Sephora, Macy’s, Walmart and More
Beauty was in full swing this quarter. While there are signs that the category could be next in line for a slowdown, according to…
Business
Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the…
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Nicholas Daley to Be Saluted With the Pratt Visionary Award
Pratt Institute has set its sights on the London designer Nicholas Daley to be honored with this year’s Pratt Fashion Visionary Award. He…
Fashion
London Fashion Week Impressed Buyers Despite Compact Schedule
LONDON — London Fashion Week’s schedule may have been compact this season, but retailers argued that it was a powerful one for Britishness…
Business
Saks Global’s New Payment Terms Trigger Strong Industry Reaction
Playing hard ball. That’s how many vendors view Saks Global’s new approach to paying them for past and future orders, while expressing…
Business
EXCLUSIVE: CEO Marc Metrick Says Saks Global Will ‘Reset’ the Multibrand Luxury Distribution Model
After a tough 2024, the newly formed Saks Global has a master plan to “reset” how it conducts business and has begun providing some…
Fashion
Calvin Klein, Thom Browne, Khaite, Carolina Herrera Called Standouts by Stores in Otherwise Subdued New York Fashion Week
“We’ve got options.” That alone could have been the mantra for retailers after checking out the fall collections during the latest…