Saks Fifth Avenue Posts

A Tale Of Two Shoppers: Luxury Sales Bounce Back With Markups, Wal-Mart Struggles With Price Perception

A Tale Of Two Shoppers: Luxury Sales Bounce Back With Markups, Wal-Mart Struggles With Price Perception

MasterCard released their SpendingPulse macroeconomic report for July 2011, and the findings are a mixed bag for retailers. Luxury good sales are up 11.6% year over year, while Wal-Mart’s same store traffic is down 2.6% year over year. Though they’ve attempted to up their style credibility, shoppers aren’t buying it and competitors like Target and traditional supermarkets are seeing foot traffic increase.

So what gives? Is the economy that far back on track that everyone’s trading up? Not exactly.

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Get Ready, Get Set…Mayor Bloomberg Announces Details of This Year’s Fashion’s Night Out

Get Ready, Get Set...Mayor Bloomberg Announces Details of This Year's Fashion's Night Out

Fashion’s Night Out (not to be confused with Victoria, Canada’s fledgling fashion event) is celebrating its second birthday this fall and New York mayor Michael Bloomberg shared the final details of the much-anticipated event.

Last year’s event filled the streets with fashion lovers in nearly every neighborhood where there were events, and this year promises to be even bigger – and hopefully better for retailers who gave mixed reviews on the sales success. September 10th will bring together fashion retailers, celebrities and designers in a celebration of fashion and its importance on our communities and the global economy. Steve Sadove, CEO of Saks Fifth Ave noted at last year’s event, “We started to see a turn in the industry, sales started to stabilize,” he claimed.

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Saks Fifth Avenue Makes Cuts to Improve Revenue

Saks Fifth Avenue Makes Cuts to Improve Revenue

Even the most luxurious of fashion retailers, Saks Fifth Avenue, can’t escape the hard hit from the economic downturn. “I doubt you’re going to see a lot of new stores opening on the full-line side,” said Stephen Sadove, Saks’ Chief Executive. “It’s going to be making the current stores more productive.” Sadove was speaking about […]

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How Big Are Your Jewels? Trend Alert: Bigger is Better

How Big Are Your Jewels? Trend Alert: Bigger is Better

When it comes to fashion bigger isn’t always better, but the same may not hold true for  accessories. Chunky chains and jewels have made quite a comeback over the last year or so, with many celebrities, designers and stylists all seen sporting the trend. We’ve seen roundups of runway inspired pieces {Style Bakery} and big […]

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Where the Wealthy Shop Online [Infographics]

Where the Wealthy Shop Online [Infographics]

In terms of volume online, Macy’s attracts more visitors earning $100,000+ than higher end department stores Nordstrom and Neiman Marcus combined (Anna Wintour’s Fashion’s Night Out appearance at Macy’s last year suddenly makes sense).  Though they probably aren’t the first name you’d associate with designer fashion, there are a massive number of people who match […]

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Saks Welcomes H Williams Shoes

Saks Welcomes H Williams Shoes

Today marks the launch of the H Williams New York-inspired footwear collection. Running with Heels tipped us off to Heather Williams’ Saks Fifth Avenue debut in Manhattan. Filled with urban, trendy gladiator-style designs, Williams inspiration for her Spring/Summer 2010 collection comes from historical NYC landmarks like the Brooklyn Bridge. We already know how much the […]

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Z Spoke And We’re Listening

Z Spoke And We're Listening

Zac Posen joins fellow designers Doo-Ri, Thakoon, and Richard Chai, et al., in creating a lower-priced line called Z Spoke, which will be available exclusively at Saks Fifth Avenue for spring 2010. We’re certainly surprised by the preview of the 60-piece line; rather than being a “Zac for less” or a “sister collection,” Z Spoke […]

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Imran Amed's Signature9

Imran Amed's Signature9
The Business of Fashion editor introduces us to his signature style items

Diane Pernet's Signature9

Diane Pernet's Signature9
Fashion blogger and film festival creator, Diane Pernet, shares nine of her favorite things

Video interview with Vogue Paris editor Carine Roitfeld

90 Seconds with Carine Roitfeld
In a Signature9 exclusive, we catch up with the Vogue Paris editor-in-chief

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