Saks Fifth Avenue
Saks Wanted to Clear the Air With Brands. The Plan Backfired.
Relations between Saks Global and many of the 2,000-odd brands stocked in its department stores appear to be worse than ever after the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman sent a letter this week setting new payment terms.
The Top 10 Stories that Shaped Fashion in 2024
BoF looks back at the news that changed the industry this year — and will define the fashion agenda in 2025.
The Debrief | Can Department Stores Save Themselves?
BoF Senior Correspondent Sheena Butler-Young and Retail Editor Cathleen Chen discuss the ongoing struggle of American department stores to remain relevant and what lessons they might learn from their European counterparts.
Barneys Plots a Bigger Comeback Thanks to Neiman-Saks Deal
The plan hinges on the pending $2.65 billion acquisition of Neiman Marcus Group by the owner of Saks.
Op-Ed | Let Temu Keep the Cheap Stuff. Amazon Should Go Luxe.
Amazon will struggle to beat Temu and Shein at their own game, and in the process, it risks devaluing what has become its core proposition: convenience.
Can Saks, Neiman Marcus and Amazon Save the American Department Store?
A $2.65 billion merger of two of America’s largest department stores, with involvement from Amazon and Salesforce, is a bet that scale and technology can breathe new life into an ailing business model.
Saks Owner to Acquire Neiman Marcus - Report
The $2.65 billion deal includes financial assistance from Amazon, according to the Wall Street Journal.
This Week, Luxury Retail’s Next Chapter Takes Shape
The futures of multi-brand luxury heavyweights Yoox Net-a-Porter and Neiman Marcus may be decided in the coming days.
Saks Owner Raises $340 Million After Retailer Didn’t Pay Vendors For Months, Sources Say
More than a handful of brands confirmed reports of chronic late payments that sparked some vendors to halt shipments to the US department store. Owner Hudson’s Bay Company said it raised $340 million to help fund its retail operations.
Why Analytics and Agility Are Critical to Success in Today’s Retail Market
SKYPAD, a B2B SaaS platform which offers sell-through data distribution and streamlined reporting to partner retailers like Saks and fashion brands including Robert Graham, is designed to meet industry needs around increased transparency on product performance and agility in a changeable market.