Saks Fifth Avenue
In Digital Age, Holiday Windows Still Drive Sales
Despite the rising importance of digital touchpoints, brands and retailers are still pouring money into elaborate holiday windows. Why?
Saks to Start Black Friday Sales Early
The luxury retailer, owned by Canadian department store operator Hudson's Bay Co, will start Black Friday sales on Wednesday, chief executive Jerry Storch said.
MetLife Group Loans $1 Billion for Taubman’s Mall at Short Hills
MetLife Inc. is among insurers providing a $1 billion loan to refinance Taubman Centers Inc.’s Mall at Short Hills, a 1.4 million-square-foot luxury shopping centre in New Jersey.
International Buyers Love German Stores Even If Shoppers Don’t
German malls and stores are being snapped up by international buyers at the fastest pace since 2007 even as online shopping lures customers away from the country’s bricks-and-mortar shops.
Power Moves | Margolies Returns to Saks, Ugg President Resigns, ASOS Names CFO
BoF compiles the most important professional moves of the week.
Marigay McKee Makes Surprise Exit From Saks
In a surprising turn of events, Marigay McKee has mutually agreed with Saks Fifth Avenue to step down as president only 15 months after taking the helm of the venerable luxury retailer.
Puerto Rico Ready for Luxury Shopping Amid Recession
A pair of nearly 5-inch black satin heels with a large gold alligator that serves as the front strap retails for almost $1,600 at the first Saks Fifth Avenue store to open in Puerto Rico, more than what the average person here earns in a month and where nearly half the population lives in poverty.
Saks Fifth Avenue Building in Manhattan Valued at $3.7 Billion
The landmark Saks Fifth Avenue building in Manhattan was appraised at about $3.7 billion as part of an effort by parent Hudson’s Bay Co. to squeeze more money out of its real estate.
Reinventing The Department Store
LONDON, United Kingdom — In the heyday of department stores, fashionable ladies flocked to luxury emporiums like Le Bon Marché, Bergdorf Goodman,
Hudson’s Bay Tumbles After Earnings Forecast Misses Estimates
TORONTO, Canada — Hudson's Bay Co., the Canadian company that owns Saks Fifth Avenue and Lord & Taylor, plunged as much as 8.9 percent in Toronto