Saks Fifth Avenue
What American Retailers Can Learn From European Department Stores
Creative experiences and a less-standardised approach to operations and design have helped iconic stores like Selfridges, Liberty and Le Bon Marché resist multi-brand retail’s decline.
BoF LIVE: The Future of Customer Engagement in Luxury E-Commerce
Kristin Maa, senior vice president of growth at Saks, and Lydia Pang, chief executive and co-founder of Mørning, share their insights on how luxury e-commerce is being transformed.
The New Rules of Off-Price Retail
Downturns typically mean a boom for discount retailers. But a glut of unsold merchandise and a surging resale sector are creating new pressures in the market.
How Luxury Brands Court the 1 Percent
Lately, the game of attracting very important clients, or VICs, has kicked into high gear, as brands are acutely aware that wealthy shoppers are hungry for both luxury products and elaborate experiences post-Covid.
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Does the E-Commerce Spinoff Make Sense?
This week, Saks Fifth Avenue’s online arm appeared to be headed for a $6 billion IPO while an activist investor pushed Macy’s to follow suit and spin off its own e-commerce unit. But splitting up online and offline businesses, while tempting in the short-term, may be detrimental to long-term value creation.
How to Be a Post-Pandemic CEO
Top fashion executives are sharpening the skills they will need most to strengthen morale and boost business after a year of crises.
The Pros and Cons of Virtual Showrooms
Platforms like Nuorder and Joor dissolved many pain points for brands and retailers this selling season, but they may never be a perfect solution.
Power Moves | Robin Givhan Appointed As The Washington Post's Senior Critic at Large, Fenty Fashion Names New Managing Director
This week, renowned journalist Robin Givhan expands her role at The Washington Post, while Bastien Renard joined Rihanna's LVMH-owned Fenty brand as its new managing director.
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.