A Transforming Saks Global Resets the Buying Team
Saks Global, continuing to integrate Saks Fifth Avenue and Neiman Marcus operations and reduce headcount, has formed a “commercial team” of senior-level merchants and fashion executives,…
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Saks Fifth Avenue
EXCLUSIVE: Unpacking the Saks Global Plan to ‘Reset’ the Luxury Experience
In February, Saks Global said it had a master plan to “reset” the luxury experience, but offered few specifics. What it did lay out were a new policy to start paying vendors on a 90-day…
Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the integration of Saks Fifth Avenue and the Neiman Marcus…
Nicholas Daley to Be Saluted With the Pratt Visionary Award
Pratt Institute has set its sights on the London designer Nicholas Daley to be honored with this year’s Pratt Fashion Visionary Award. He will be saluted at the “2025 Pratt Shows: Fashion”…
London Fashion Week Impressed Buyers Despite Compact Schedule
LONDON — London Fashion Week’s schedule may have been compact this season, but retailers argued that it was a powerful one for Britishness and individuality. Buyers were impressed by the…
Saks Global’s New Payment Terms Trigger Strong Industry Reaction
Playing hard ball. That’s how many vendors view Saks Global’s new approach to paying them for past and future orders, while expressing relief that Saks management provided some clarity…
Sources: Saks Global Closings Seen in Toronto, Dallas
Saks Global will close the historic Neiman Marcus flagship in downtown Dallas next month, and could also close its Saks Fifth Avenue flagship in Toronto at 176 Yonge Street, sources told…
EXCLUSIVE: CEO Marc Metrick Says Saks Global Will ‘Reset’ the Multibrand Luxury Distribution Model
After a tough 2024, the newly formed Saks Global has a master plan to “reset” how it conducts business and has begun providing some clarity on its strategy to vendors. Officials also…
Calvin Klein, Thom Browne, Khaite, Carolina Herrera Called Standouts by Stores in Otherwise Subdued New York Fashion Week
“We’ve got options.” That alone could have been the mantra for retailers after checking out the fall collections during the latest installment of New York Fashion Week. With oversized…
Saks Kicks Off New York Fashion Week at Crane Club
On Wednesday night, Saks Fifth Avenue brought its annual fashion week party, typically held at its onsite restaurant L’Avenue, downtown to the Crane Club. The new-ish venue opened late…