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Saks names former footwear VP as chief merchant
New York - Saks Fifth Avenue has named Tracy Margolies as chief merchant, effective May 11, 2015. Margolies will drive the strategic direction and performance of all buying activities for Saks, and will report to Marc Metrick, president of Saks Fifth Avenue.
Margolies rejoins Saks Fifth Avenue after serving as senior VP and general merchandise manager, beauty, contemporary 5F, footwear and handbags at Bergdorf Goodman. Previously, Margolies spent seven years at Saks as VP, division merchandise manager, women's footwear.
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Party City celebrates IPO, rings NYSE bell
Shares of Party City enjoyed a nice first-day pop on April 16 after the company completed its initial public stock offering.
A total of 21,875,000 shares were priced at $17 in the offering and began trading at $20.15. By the end of the first day’s trading, shares had advanced $3.70 to close up 21.8% at $20.70. The company’s ticker symbol is PRTY.

