Saks Fifth Avenue news and archive

Following merger announcement, Saks COO steps down for helm position at Voomi

Days after the announcement plans to merge the Neiman Marcus and Saks businesses, the latter has already waved goodbye to one of its top executives. RJ Cilley, the former chief operating officer of Saks Fifth Avenue, has stepped down from the luxury retailer to become chief executive officer for HVAC supplier Voomi Supply. His departure comes...

BusinessFeatured

Saks parent company acquires Neiman Marcus, Amazon to be investor

In what has been a long-winded back-and-forth that has spanned multiple years, it is now believed that department store powerhouses Saks Fifth Avenue and Neiman Marcus Group are finally set to merge. According to multiple media reports, Saks parent company Hudson’s Bay Co. (HBC) has secured an agreement to purchase Neiman Marcus Group for a...

Business

Story3 invests in luxury ecommerce platform Saks.com

Story3 Capital Partners has announced a significant new investment in luxury ecommerce destinations Saks.com. Commenting on funding in Saks, Peter Comisar, founder and managing partner of Story3 and former Goldman Sachs Partner, stated, "We believe we are at the early innings of powerful global growth and penetration for luxury brands. As new...

Fashion

Thom Browne and Saks partner on capsule collection

US designer Thom Browne and luxury department store giant Saks have revealed a collaborative capsule collection available exclusively through the retailer’s e-commerce site and select Saks Fifth Avenue stores. The limited edition line draws inspiration from the “playful spirit of California”, which has been applied to women’s ready-to-wear...

Business

Saks Fifth Avenue reportedly mulling financing options for Neiman Marcus offer

The owners of Saks Fifth Avenue are believed to be in discussions regarding the raising of financing to contribute to a potential offer for rival department store Neiman Marcus. Saks’ flagship location in Manhattan is believed to have been valued at 3.62 billion dollars, sources for Bloomberg stated, a significant increase on a 2019 appraisal...

Retail

In Pictures: Saks Fifth Avenue's reimagined flagship store in Beverly Hills

Saks Fifth Avenue has unveiled its revamped flagship store in Beverly Hills as the fashion retailer seeks to position itself as the "quintessential destination" for luxury fashion. Officially opening its doors to the public on February 8, the new 130,000 square-foot store spans six floors and offers a curated selection of women's designer...

Fashion |In Pictures Featured

Dior transforms Saks into a ‘Carousel of Dreams’ for the festive season

French luxury fashion house Dior has transformed the 10-story façade of Saks’ New York flagship store on Fifth Avenue with a ‘Carousel of Dreams’ window display and theatrical light show, alongside in-store installations and a digital pop-up to celebrate the holiday season. The immersive festive takeover features the “most extensive” holiday...

Fashion |In Pictures

Saks launches Christian Louboutin x Marvel capsule collection

Saks has unveiled the new limited-edition Christian Louboutin x Marvel capsule collection of footwear and accessories for men, women and children as part of Disney’s 100th anniversary celebrations. For the collaboration, Saks, the exclusive US retailer for the collection, has unveiled a special window installation and a visual pop-up dedicated...

Business

Saks Fifth Avenue introduces private suites in styling service expansion

Luxury fashion retailer Saks Fifth Avenue has unveiled private, standalone suites across destinations in the US as part of an expansion to its personal shopping and styling service, the Fifth Avenue Club. Previously housed in Saks stores, the retailer has now partnered with luxury resort and hotel operators to bring the suites in house, with...

Fashion |In Pictures

Jacquemus and Saks launch an exclusive capsule collection

Parisian fashion brand Jacquemus has teamed up with luxury retailer Saks to launch a limited-edition ‘Été’ capsule collection for spring/summer 2023. The Jacquemus ‘Été’ capsule is an ode to the French Riviera and features women’s and men’s ready-to-wear, handbags and hats in exclusive colourways for Saks, including canary yellow and natural...

Retail

Saks reveals new men's shopping experience in New York City

Saks Fifth Avenue has launched a new shopping destination for men in its New York Flagship store on Fifth Avenue. The shopping experience will feature a selection of more than 70 established and upcoming brands as well as 19 shop-in-shops from high-end luxury brands like Balmain, Bottega Veneta, Gucci, Louis Vuitton, Moncler, and Off-White. This...

Fashion Featured

Saks names ‘The New Wave’ emerging designers

Saks has launched the second year of its emerging designer accelerator programme, ‘The New Wave,’ featuring eight new brands including Claude Kameni, Keeyahri, Ludovic de Saint Sernin, Nalebe, Sunni Sunni, Undra Celeste, Who Decides War, and Zeynap Arcay. The accelerator programme was launched last year to develop and support high-potential...