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Saks Fifth Avenue

  • Phipps Plaza adds luxury residential component

    Atlanta -- Simon Property Group and Columbus Realty have teamed to inject a high-residential component to Simon’s fashionable Phipps Plaza shopping destination in the tony Buckhead area of Atlanta.

    The residential project, to be named Domain at Phipps Plaza, will be developed with Columbus Realty Partners.

  • Drybar receives $20 million investment

    Los Angeles -- Drybar, the leading blowdry-only salon concept, has received a $20 million investment led by SPK Capital and existing investor, Castanea Partners.
     

  • Former HSN chief to head ValueVision Media

    ValueVision Media, a multichannel electronic retailer operating as ShopHQ via TV, Internet and mobile, has named Mark Bozek as CEO. It has also reconstituted its board of directors and appointed Bob Rosenblatt as its non-executive chairman.

    Bozek succeeds Keith Stewart, who has resigned as CEO and as a director of the company. Bozek has more than 20 years of senior executive experience in the multichannel commerce, electronic retailing and entertainment industries, including having served as CEO of HSN, SVP of QVC and as a producer at Fox Television.

  • Global brand agency CBX adds retail vet to branded environments team

    Global brand agency CBX has appointed Anthony Simon as group director of its branded environments team. Simon will report to president of CBX Branded Environments Joseph Bona.

    Simon joined CBX from TPG Architecture, an architecture and design firm in New York City, where, as design director, he was a responsible for business development, direction and management of design concepts and staff, and account relationships. His key accounts included Perry Ellis, Original Penguin, Crocs, Adidas, Charming Charlie, HTC, RXR and The Empire State Building.

  • Short Hills, New Jersey, mall signs four new retailers

    New York -- This spring, The Mall at Short Hills in Short Hills, New Jersey, welcomes four new boutiques: The Art of Shaving, Calypso St. Barth, Geox and Maje.

    Now open on the lower level, The Art of Shaving offers men’s luxury grooming products.

    New Jersey’s first Calypso St. Barth boutique is now open on the upper level. Inspired by travel, culture and the arts, Calypso offers women’s apparel, accessories and home décor.

  • Hudson’s Bay swings to Q1 profit as sales double

    Toronto -- Hudson's Bay Co. (HBC) swung to a profit in its first quarter, boosted by strong sales at Saks Inc., which it acquired last year. Hudson's Bay has announced plans to bring Saks to Canada, starting with two locations in Toronto in 2015.

  • Vera Bradley adds former Saks exec to team

    Vera Bradley has named Karen Peters as EVP, retail and wholesale sales.

    Peters has 25 years of retail experience including multi-store management and merchandising. Between February 2005 and March 2014, she served as SVP, director of stores for Saks Fifth Avenue Off 5th. Prior to that, she held key management positions with Sears, Target and Kohl's.

  • Hudson’s Bay Company’s Saks acquisition pays off in first quarter

    Hudson's Bay Company more than doubled sales in the first quarter driven primarily by its acquisition of Saks last year.

    Retail sales were $1.9 billion, an increase of $971 million from $884 million for the prior year. Consolidated same-store sales increased by 2.8%, with increases of 2.5% at DSG, 2.6% at Saks Fifth Avenue and 15.1% at Off 5th. Digital commerce sales totaled $207 million, reflecting both the inclusion of Hudson's Bay and Lord & Taylor (which together are referred to as “Department Store Group” or DSG) and Saks.

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