Content about Saks

January 31, 2014

Saks Fifth Avenue is reportedly planning to both increase the amount of high-end luxury goods it sells and also increase the number of Saks Off 5th outlet stores it operates.

January 27, 2014

Hudson's Bay Company will sell its flagship in downtown Toronto and neighboring office tower for C$650 million ($587.09 million) to an affiliate of commercial real estate developer Cadillac Fairview Corp., and open a full-line, 150,000-sq.-ft. Saks store in the leased-back space.

December 19, 2013

Saks Fifth Avenue, a subsidiary of Hudson’s Bay Company, announced the appointment of former Harrods executive Mark Briggs as chief marketing officer for Saks, effective March 2014.

December 17, 2013

Many retailers today are looking to bolster profits by offering merchandise outside of traditional locations. Well-known brands such as Gap, J. Crew and Disney all have been on the outlet side of retail for several years

December 5, 2013

Saks Fifth Avenue Off 5th has launched its first e-commerce site, saksoff5th.com, on the Demandware platform.

November 27, 2013

Executives with Renaissance Place are working with officials from the City of Highland Park, Ill., to identify the best use for a 49,000-sq.-ft. building that Saks vacated at the close of 2012.

November 14, 2013

Saks Fifth Avenue has signed a letter of intent to relocate its downtown Cincinnati store to The Kenwood Collection, which Phillips Edison & Co. is transforming from a regional destination to a super-regional destination that will draw shoppers from three states.

November 4, 2013

Saks Fifth Avenue Off 5th plans to open a new store in Pearl, Miss., (metropolitan Jackson) on Nov. 14.

October 22, 2013

Saks Inc. has settled lawsuits from investors related to its proposed buyout by Hudson’s Bay Company (HBC).

October 21, 2013

Saks Fifth Avenue, in partnership with Stylewhile, has launched a new iPad App that allows users to fit clothing to their specific body type before purchase.

October 14, 2013

Saks Fifth Avenue in January 2014 will unveil its renovated men’s store in its Chicago flagship on Michigan Avenue. The renovation will encompass a total redesign of floors six and seven, creating an open environment that will be easily accessed by a new express elevator that will take passengers directly to the men’s floors.

October 3, 2013

Saks Fifth Avenue Off 5th has launched an e-commerce site that gives shoppers visibility and accessibility to shop for items that may have limited distribution and only in select stores nationwide.

October 1, 2013

Saks Fifth Avenue Off 5th plans to open a second store in Orlando, Fla., on Oct. 3.

September 30, 2013

Saks Fifth Avenue was able to reach nearly 100% display compliance at its 8th floor shoe department in their flagship New York City store with the TrueVUE Inventory Display Execution application from Tyco Retail Solutions.

September 18, 2013

Saks Inc. plans to open seven new Saks Fifth Avenue Off 5th stores in 2014: The Outlets at Bloomfield in Pearl, Miss.; Potomac Mills in Woodbridge, Va.; Palm Beach Outlets in West Palm Beach, Fla; Outlet Shoppes at Louisville/Lexington, Ky.; Twin Cities of Eagan in Minneapolis, Minn.; The Mayfair Collection in Mayfair, Wis.; and Easton Gateway in Columbus, Ohio.

September 17, 2013

Hudson’s Bay Co. (HBC) has appointed Marigay McKee, chief merchant of Harrods, as the future president of Saks Fifth Avenue.

September 17, 2013

Saks Fifth Avenue Off 5th plans to open a new store in Aventura, Fla., on Sept. 20.

September 11, 2013

The planned merger between Saks Inc. and Hudson’s Bay Company (HBC) took another step forward with the expiration of the 40-day “go shop” period for Saks on Sept. 6.

August 8, 2013

Law firm Morgan & Morgan is investigating potential legal claims against the board of directors of Saks Inc. relating to the proposed acquisition of Saks by Hudson's Bay Company.

August 5, 2013

Discount retailers TJ Maxx and Saks Off Fifth outlets are reportedly planning to enter the online sales arena this year.

August 5, 2013

Discount retailers TJ Maxx and Saks Off Fifth outlets are reportedly planning to enter the online sales arena this year.

July 30, 2013

The proposed acquisition of Saks by Hudson’s Bay Company is spurring investigations by at least three law firms.

July 30, 2013

The proposed acquisition of Saks by Hudson’s Bay Company is spurring investigations by at least three law firms.

July 23, 2013

A buyout of Saks could further downgrade the retailer’s already low credit rating.

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