Saks and Loewe are teaming up for the first time to unveil an exclusive edit of the Spanish luxury house’s fall 2024 collection, available Thursday on Saks.com and at select Saks Fifth Avenue stores. To celebrate the collaboration, Loewe has taken over the Saks Fifth Avenue New York flagship with immersive visual installations and offerings … Read more
As the fall season gets underway, retailers weigh in on what’s selling so far this season, and what big trends consumers are starting to embrace. Soft, flowy pants, tweed and boucle jackets, matching sets, wide-leg denim, Western influences, off-the-shoulder tops and sweaters, tailored shorts and preppy looks are some of the key looks checking at … Read more
The Saks-Neiman Marcus merger appears to have been OK’ed by the U.S. Department of Justice by virtue of its review period expiring and no objections to the deal emerging, according to sources familiar with the situation. HBC, the parent corporation of Saks, declined to comment. The government has been reviewing the deal revealed July 4 … Read more
Here is a reprint of the article and interview “Tracy Reese‘s New Pieces” from WWD, Thursday, Sept. 12, 2002. NEW YORK — With the launch of her line and a swimwear collection to match, things are getting sweet for Tracy Reese. Reese, who will show her spring line next Wednesday at the Gallery at the … Read more
Pity the betwixt and between. Companies are engines of ambition — innovating here, expanding there, trying to sharpen a business or break into something new. But when that ambition leads to a corporate buyout, much of that ambition is put on hold, as companies wait for financing to be finalized, regulators to sign off, for … Read more
Mara Sirhal has become chief merchandising officer for QVC U.S., which is the largest business unit of the Qurate Retail Group. Sirhal has more than 20 years experience in merchandising, sourcing and product and brand at both department and specialty retailers, the company indicated in its announcement Monday. She will report to Mike Fitzharris, the … Read more
Saks Fifth Avenue, in an unprecedented maneuver, is switching its San Francisco department store to an appointment-only format. The switch, which happens on Aug. 28, comes amid a string of recent store closings in San Francisco due to crime, and declining sales, traffic and occupancy. Saks San Francisco and other stores including Neiman Marcus have … Read more
After years of rumors, back-and-forth talks and a rush of creative fundraising, Richard Baker got his deal to buy Neiman Marcus for $2.65 billion this month. But before he can close and combine Neiman’s with Saks Fifth Avenue to form Saks Global, he has to get the transaction past one more obstacle — the Federal … Read more
Apparel vendors said it’s business as usual for now as Saks parent HBC irons out the details of its $2.65 billion acquisition of Neiman Marcus Group. Sources said there was some “the deal’s on and the deal’s off” communication to the vendor community Wednesday before the acquisition was officially confirmed on Thursday, pending approval by … Read more
The fashion industry has been buzzing about a deal to bring Saks Fifth Avenue together with Neiman Marcus for years — decades, even — but when it finally came last week, it came with a twist: Amazon. The e-commerce giant is among the players investing in the $2.65 billion deal that will have Richard Baker’s … Read more
