The owner of Saks Fifth Avenue is branching out into the world of here-and-then-gone Internet discounts, snapping up flash sale site Gilt Groupe for $250 million in cash. Because luxury brands obviously have that much money just sitting in their gilded piggy banks. [More]
While the idea of working in close proximity to luxury goods bearing designer tags might make the average shopper simply drool and move along, authorities say the temptation of all those high-priced bags and shoes simply proved too great for some Saks Fifth Avenue employees. [More]
The name “Snaks Fifth Avenchew” is an obvious parody of world-famous upscale store Saks Fifth Avenue, but lawyers for Saks aren’t laughing, recently telling the animal snack company to stop using its punny name. [More]
A man who worked as Santa Claus at Saks Fifth Avenue Christmas Eve died in a Connecticut house fire the next morning. According to authorities, the 71-year-old man was on the roof of the home trying to rescue his granddaughter when he died. Including the man, five family members perished in the fire. [More]
Fans of high-end retail shopping may be in for some sadness. The CEO of Saks & Company says they are definitely closing two Saks Fifth Avenue stores in Portland, OR, and that other underperforming stores may soon be on the chopping block. [More]
We try not to be too paranoid about the cleanliness of things we purchase. We’ll purchase used books, buy vintage clothing, drive pre-owned cars. But the “Ick Factor,” as it’s known in the world of science, jumps off the charts when it comes to used undies. But that’s exactly what NBC claims to have discovered at several retail stores. [More]
Americans face a tough choice Tuesday morning: watch Barack Obama’s historic inauguration, or storm department stores to take advantage of a first-come, first-serve cosmetics giveaway worth $175 million.