Saks Fifth Avenue
With Gilt, Hudson’s Bay Company Bets Big on Off-Price
Nearly nine months after its acquisition of the flash-sales pioneer, president Jonathan Greller, chief merchant Kristen Sosa and HBC chief executive Jerry Storch discuss how Gilt Groupe fits into the company’s greater strategy.
Department Stores Battle for Manhattan
America’s luxury department stores are betting big on the buoyancy of the New York market. But is there space for everyone?
Inside the Reinvention of Saks Fifth Avenue
Can the 92-year-old department store win back high-spending shoppers after years of inching downmarket?
Why American Department Stores Are ‘Broken’
Struggling American department stores still place the biggest orders, but increasingly rely on markdowns to drive foot traffic and sales, resulting in a vicious cycle with ramifications across the industry.
Why Americans Aren't Shopping
Unemployment is down, gas is cheap and interest rates remain low. So why is American retail suffering?
Can American Retailers Kick Their Discounts Addiction?
Rampant discounting at American retailers is creating a race to the bottom, shrinking profit margins and diminishing brand value. Where will it end?
P&G Faces Lawsuit Over Dismissal of Pregnant Saleswoman
A former cosmetics saleswoman for Procter & Gamble Co is suing the company, claiming that she was fired after becoming pregnant and being told earlier by a supervisor that 'pregnancy is not part of the uniform.'
Hudson's Bay Profit Misses as Costs Rise
Department store operator Hudson's Bay Co reported a smaller-than-expected quarterly profit as expenses soared and sales at established Saks Fifth Avenue stores dropped.
What’s Next for the American Department Store?
Changing consumer sentiment and over distribution of product has hit the department store model hard in the challenging US market. Can executives win back the magic through a series of ambitious new year initiatives?
Saks Woes Send Hudson’s Bay Tumbling After Third-Quarter Loss
Department-store operator Hudson’s Bay Co. fell the most in more than three months after posting an unexpected third-quarter loss, hurt by reduced spending from tourists at its Saks Fifth Avenue chain.