Where Are Saks Global’s Beauty Shoppers – and Brands – Going?
The race for the luxury beauty shopper — in New York, and throughout the U.S. — is on. With Saks Global’s Chapter 11 filings encompassing Saks Fifth Avenue, Neiman Marcus and Bergdorf…
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Saks Fifth Avenue
Saks Chapter 11: How It Plays Out for Vendors
Saks Global vendors looking to get their money back on unpaid invoices shouldn’t get their hopes up. They might recover a small percent of what’s owed — if anything at all — unless they…
U.S. Vendors Express Relief and Optimism as Saks Global Restructures Under New Leadership
Vendors let out a sigh of relief Wednesday following the long-awaited bankruptcy of Saks Global, and were glad that there’s finally a sense of direction going forward. Of course, they’re…
Saks Global Files for Chapter 11 Bankruptcy
Saks Global’s high-wire financial act is finally over. The company, which just over a year ago bought Neiman Marcus Group for $2.7 billion, filed for Chapter 11 bankruptcy late Tuesday —…
Legal Battle Between Saks Global and Yumi Shin Rages On
The legal battle between former Bergdorf Goodman chief merchant Yumi Shin and Saks Global continues to rage on, with new twists and turns emerging over the past week. Court papers reveal…
Stone Island Makes North American Retail Push in Time for the Holidays
AMERICAN TRIP: Stone Island continues to roll out new stores in North America, reflecting its commitment to the market. Following up on the unveiling of a relocated unit in New York’s SoHo…
Saks Fifth Avenue Illuminates New York With Festive Holiday Windows and Dazzling Light Show
Saks Fifth Avenue showcased its holiday windows and light show Monday night embracing the season’s campaign, “Holiday Your Way” — an ode to the countless ways customers spend the holidays.…
Saks Fifth Avenue Foundation Steps Up Again for Mental Health
When it comes to mental health, there’s no need to go it alone. That’s true both for people who are struggling and for the philanthropic groups working to support them. To wit, Saks Fifth…
American Express Reveals New Platinum Card Retail and Wellness Benefits, Revamps Amex App
With the launch of its refreshed American Express Platinum card, the card company has also revealed a slew of new benefits for its U.S. cardholders. With access to more than $3,500 in…
Saks Fifth Avenue’s Fall Campaign Stars Paloma Elsesser and Camille Row
Saks Fifth Avenue is unveiling its fall 2025 campaign featuring Paloma Elsesser and Camille Rowe and photographed by Angelo Pennetta. The campaign comes to life at Saks Fifth Avenue’s New…
Standard & Poor’s Downgrades Saks Global
Standard & Poor’s, in a move that was largely expected, on Friday downgraded Saks Global. The ratings agency downgraded Saks Global to “selective default” from “CC” and its issue-level…
Saks Global Cuts 90 Positions in Latest Cost Reduction Maneuver
Saks Global triggered another round of layoffs this week, giving pink slips to 90 employees within the luxury retailer’s commercial organization, WWD has learned. The job cuts included the…
Luxury’s Angst Spells Opportunity for Off-price
“Right now there is a overabundance of excess inventory — every place — like I’ve never seen in my career.” So says Tom Ott, former Saks Fifth Avenue senior merchant turned off-price…
Monique Billings Talks WNBA Off-court Style, Love for Tyra Banks and More
For the first three years of Monique Billings’ WNBA career, walking onto the basketball court in sweatpants was the norm. But going into her eighth season and being drafted as a forward…
Saks Fifth Avenue’s Latest AI Venture: A Virtual Voice Assistant Called Sophie
Saks Fifth Avenue is getting deeper into AI. The luxury retailer has partnered with two tech companies, NLX and Amazon Web Services, to provide an AI-powered virtual voice assistant for…
From Sex Clubs to Castles, Latex to Upcycling, Berlin Fashion Week Had Something for Everyone
BERLIN — There was something for everyone at this season’s four-day iteration of Berlin Fashion Week, which ended last Thursday. The offerings included ingenious ideas by recent graduates…
EXCLUSIVE: Saks Global Broadens Emily Essner’s Role; Mary McGreevy Named Chief Stores Officer
Saks Global has widened the role of Emily Essner, president and chief commercial officer, and has promoted Mary McGreevy to chief stores officer for Saks Fifth Avenue and Neiman Marcus.…
Saks Global Update: What’s on the Minds of Vendors
It’s almost like vendors and Saks Global have called a truce — whether it’s temporary or permanent remains to be seen, depending on how business progresses. For the most part speaking on…
Saks Fifth Avenue Brand Heads to Costco: Sources
The Saks Fifth Avenue brand is headed to Costco, according to market sources. The Saks Fifth Avenue brand name has been licensed to Centric Brands for men’s apparel and is headed to Costco…
Saks Connections: Luxury Reset and Industry Shake-up
Any good controversy has two, maybe three players squaring off, repositioning for a future that is usually coming much sooner than later. And then there’s a focal point — some kind of…
Saks Arrived on Amazon, the Trade War Is Still on Its Way
There’s Amazon’s new push into luxury with Saks and then there’s the e-commerce company’s push even higher — literally into space. Amazon’s quarterly updates to Wall Street contain a list…
Saks Bondholders Prove to Be a Tough Sell
Bondholders can be a tough crowd — just ask Saks Global. Equity investors are more excitable and want nothing but growth. But since bondholders have actually loaned a business money, they…
Saks Joins Amazon in Designer Fashion Breakthrough
Did Saks just help Amazon crack the luxury code? Maybe. The internet’s everything store has been looking to break into high-end fashion for years, but it’s had only limited success outside…
Saks CEO Marc Metrick Reassures Bondholders, Says Company Has $350M to $400M of Liquidity
This story is developing and will be updated. Marc Metrick, chief executive officer of Saks Global, spent much of the year calming vendors, easing them into a new payment schedule and…