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Saks’ Chicago flagship to devote two floors to new in-store men’s format, The Fifth Man
New York -- 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.
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Soon-to-be former Saks CEO joins JCP board
Saks chairman and CEO Stephen Sadove has been named to the board of directors at J.C. Penney to fill a position being vacated by Geraldine Laybourne.
Sadove will be leaving his position at Saks soon as the upscale department store chain was recently sold to Hudson’s Bay Company. Sadove joined Saks in 2002 as vice chairman and assumed the additional post of chief operating officer in 2004. He became CEO in 2006 and the following year was named chairman.