Earlier this year it looked like Hudson’s Bay — the company behind Saks Fifth Avenue, Lord & Taylor, and Gilt — was looking to expand its footprint by way of purchasing either Macy’s or Neiman Marcus. Now, the retailer looks to be doing the opposite and cutting back by eliminating some 2,000 positions amid lower than expected sales. [More]
saks fifth avenue
Saks Fifth Avenue Customer Email Addresses Posted Publicly
By 3.20.17
The email addresses for thousands of Saks Fifth Avenue customers were sitting on the retailer’s website, unencrypted, for an unknown period of time. [More]
Department Stores Remember That You Can’t Get Spa Treatments Or Lunch On Amazon
By 8.15.16
You can now order just about anything online, but there are some things that can’t be delivered in a box on your doorstep. If department stores and their business model are going to survive, experts say, they need to change their offerings and sell more products that can’t be purchased online. [More]
Saks Fifth Avenue Parent Company Buying Flash-Sales Company Gilt Groupe For $250 Million
By 1.7.16
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]
Saks Fifth Avenue Workers Accused Of Running Identity Theft Ring That Made $400K
By 10.6.14
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]
Saks Fifth Avenue In Dogfight With Snaks Fifth Avenchew
By 8.18.14
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]
Saks Fifth Avenue Santa Dies Trying To Save Granddaughter
By 12.28.11
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]
Saks Closing Two Oregon Stores, Maybe More To Come
By 3.23.10
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]
VIDEO: Stores Caught Restocking Used Underwear & Lingerie
By 3.4.10
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]
Mark Your Calendars: Massive Cosmetics Giveaway Set For Inauguration Day
By 1.17.09
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.
