Content about Saks

April 10, 2013
J.C. Penney’s Ullman resigns from Saks board

In not-so-unexpected news, a regulatory filing with the SEC revealed that J.C. Penney’s new CEO Mike Ullman has resigned from Saks Inc.’s board of directors.

March 29, 2013
Saks Off 5th to open in Chandler, Ariz.

Saks Fifth Avenue Off 5th will open its doors in Chandler, Ariz., on Thursday, April 4, 2013.

March 25, 2013
Saks names NYC flagship director

Saks Fifth Avenue announced Monday that John Cruz has been named SVP and director of the New York City flagship store, effective April 29.

February 15, 2013
Saks to close Stamford, Conn., store

Saks Inc. announced that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

January 29, 2013
Saks to leave Dallas Galleria, Belk moving in

Saks Inc. announced Tuesday it will shutter its Saks Fifth Avenue store in the Dallas Galleria on June 15.

January 24, 2013
Saks’ enhances omni-channel strategy with loyalty program updates and free shipping

Saks Fifth Avenue is amping up its omni-channel strategy by updating its SaksFirst loyalty program and adding free shipping.

November 7, 2012
Saks’s Off 5th to open in new center in Livermore, Calif.

Saks Inc.’s Saks Fifth Avenue Off 5th announced that it plans to open its doors in Livermore, Calif., on Nov. 8.

October 1, 2012
Saks opens in Kazakhstan

Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

September 17, 2012
Saks launches AT&T Wi-Fi at all stores

Saks Inc. said it has launched AT&T Wi-Fi at all 44 retail locations nationwide.

May 3, 2012
Spending slows at big retailers in April; Macy’s, Target, Kohl’s, Costco fall short of expectations

Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April.

November 3, 2011
October sales generally up, but short of estimates; Buckle leads apparel

Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season.

October 25, 2011
Saks Off 5th hires former Barneys exec for VP post

A report by Women’s Wear Daily said that the outlet division of Saks has named a former Barneys executive as its new VP.

October 21, 2011
Saks Off 5th to close in Morrisville, N.C.

New York City -- Saks plans to close its 20,000-sq.-ft. Saks Fifth Avenue Off 5th store in Triangle Factory Outlets in Morrisville, N.C., (metropolitan Raleigh) by Jan. 1.

The company opened a 30,000-sq.-ft. Off 5th location in Tanger Outlet Center of the Piedmont in nearby Mebane, N.C., in 2010, which will serve as a replacement store for the closing location. The new Mebane store was designed in the chain’s loft” format that debuted in 2008 and which redefined and elevated the outlet shopping experience.

September 14, 2011
Saks appoints marketing head

Saks has named Denise Incandela to the newly created role of chief marketing officer for Saks Fifth Avenue.

September 12, 2011
Saks Off 5th to open at Village Square of Northbrook

Oakbrook, Ill.-based Mid-America Asset Management said that Saks has signed a lease for 25,900 sq. ft. at Village Square of Northbrook in Northbrook, Ill., to open its third Saks Fifth Avenue Off 5th store in Chicagoland.

August 23, 2011
Report: Billionaire Carlos Slim ups stake in Saks

Mexican billionaire Carlos Slim, through his Inmobiliaria Carso SA investment fund, spent $8.8 million to up his stake in Saks, according to Bloomberg.

August 16, 2011
Saks narrows loss in Q2

Saks reported Tuesday that it has tightened its losses in the quarter ended July 30, posting a loss of $8.4 million compared with a loss of $32.2 million in the year earlier period.

August 4, 2011
Macy’s, Saks and J.C. Penney beat Street in July, Kohl’s disappoints as sales fall

Department store retailers registered solid gains in July, with Macy’s, Saks and J.C. Penney all beating analysts’ estimates. Kohl’s, however, fell short of estimates as its sales fell.

July 5, 2011
Saks to open department store in Kazakhstan

Saks said Tuesday it will open a licensed Saks Fifth Avenue store in Almaty, Kazakhstan, in August 2012.

June 2, 2011
Retailers turn in mixed results for May; Costco, Macy’s and Saks shine

A sluggish economy, cool weather and high prices at the pump tempered retail sales in May, as retailers reported mixed results for the month.

May 17, 2011
Saks Fifth Avenue’s Off 5th to up store count in 2011

Saks’ Off 5th outlet division announced Tuesday that it plans to open four new stores this year – Kansas City, Oklahoma City, Northbrook, Ill., and Charleston, S.C.

May 17, 2011
Saks reports Q1 profit soars 51%

Citing a strong rebound in luxury spending, Saks reported Tuesday that net income for the quarter ended April 30 soared 51% to $28.4 million, compared with $18.8 million in the year-ago period.

April 7, 2011
Nordstrom and Saks lead department stores in March

Showing that luxury is experiencing measurable bounce in the recovering economy, the higher-end department stores led the same-store sales pack in March.

March 30, 2011
Saks extends credit agreement to 2016, revises terms

Saks said Tuesday that lenders have agreed to amend a $500 million revolving credit agreement that now extends to 2016.

March 11, 2011
The boomer woman shopper: She can make your career

You have almost certainly read or heard a dozen news stories this year that begin something like this: “The first Baby Boomer is turning 65 in 2011 . . .”

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