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Saks Fifth Avenue

  • SHOP TALK

    Trending Stores: The Frye Company’s location in Denver took top honors as Store of the Year in the 2017 Shop! store design competition. With a design that celebrates the artisan heritage of Frye, one of the country’s oldest footwear companies, the 2,460-sq.-ft. store has a warm and comfortable vibe, with a modern ski-lodge aesthetic. Local references include a massive working fireplace dressed with stone from local quarries, and rugs woven with American Indian motifs.

  • Merger talks between luxury department store companies hit a snag

    Is Neiman Marcus about to be involved in a lawsuit as opposed to a merger?  
  • Department store giant on hunt for a CFO

    Hudson’s Bay Company is losing its finance head.   The retailer said that CFO Paul Beesley has made the decision to resign in order to return home to Canada to be closer to his family. Beesley will continue in his role over the next two months to ensure a smooth transition. His last day with HBC will be July 7. HBC has engaged an executive search firm to assist in recruiting a new CFO.  
  • Report: Plenty of good options for filling vacated department store spaces

    As department stores trim their portfolios, the nation’s malls are being transformed.   
  • Hudson’s Bay Co. eyes reinvention amid steep Q4 loss, dismal year

    Hudson’s Bay Co. mirrored the challenges confronting the department store industry as it swung to a loss in its fourth quarter  and said it would cut costs and capital spending.   
  • Jet.com shuts down 'cash-back' rewards program

    The Jet Anywhere rewards program is preparing for its final descent.   As of May 1, Jet.com is pulling the plug on a program that rewards consumers for shopping on its retail portal. As shoppers enter the Jet Anywhere e-commerce portal, they can click through and shop at more than 600 retail partners, including Foot Locker, Land’s End, Saks Fifth Avenue, Lord & Taylor and Bloomingdales, among others.   
  • Report: Department store retailer in data breach

    Saks Fifth Avenue is the latest retailer to compromise the personal data of some of its shoppers.   Saks inadvertently exposed personal information, including email ad-dresses and phone numbers of some of its shoppers on its online shop-ping site this weekend, according to BuzzFeed News.   
  • Retailer continues Canadian expansion

    Saks Fifth Avenue Off 5th announced plans for two new stores in Canada.   The retailer plans to open a location at CF Markville in Markham, Ontario. The approximately 27,000 sq. ft. store is scheduled to open in 2018.    “Ontario is a key market for Saks Off 5th in Canada and we’re excited to continue to grow our presence there,” commented Jonathan Greller, president, Saks Off 5th and Gilt, which are part of Hudson’s Bay Company.  
  • Saks Off 5th continues Canadian expansion

    Saks Fifth Avenue is adding to its store fleet up north.   On Thursday, March 9, Saks Fifth Avenue Off 5th will open two new locations in the greater Toronto area,      “This month marks our one year anniversary of entering the Canadian market, and we’re excited to continue our Canadian expansion with two new stores in the GTA,” said Jonathan Greller, president, Saks Off 5th and Gilt.   
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