Saks

Planned Saks Fifth Avenue-Neiman Marcus Deal Passes Regulatory Hurdle
Planned Saks Fifth Avenue-Neiman Marcus Deal Passes Regulatory Hurdle
August 21, 2024  |  Acquisitions

The planned acquisition of Neiman Marcus Group (NMG) by HBC, the parent company of Saks Fifth Avenue, is one step nearer to closing. The waiting period under the Hart-Scott-Rodino...

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Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
Saks Reportedly Misses Hundreds of Thousands in Vendor Payments 
August 05, 2024  |  Retail

Amid a merger worth $2.6 billion, Saks reportedly owes vendors hundreds of thousands. The luxury retailer, which last month announced it was merging with Neiman Marcus, has missed payments to dozens of...

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Personalized Luxury: The Key to Winning Wealthy Shoppers
Personalized Luxury: The Key to Winning Wealthy Shoppers
July 19, 2024  |  Retail

In an era where luxury is becoming increasingly defined by personalization, wealthy consumers are demanding that brands innovate, tailoring their offerings to match their individual...

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Does Amazon Need Saks Global to Conquer Luxury Retail?
Does Amazon Need Saks Global to Conquer Luxury Retail?
July 11, 2024  |  Amazon

Amazon turned 30 on July 5th and did something that nearly 70% of all women also say they do on their birthday: They bought themselves...

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Saks Launches Retail Media Network Targeting Luxury Shoppers
Saks Launches Retail Media Network Targeting Luxury Shoppers
April 23, 2024  |  Retail

Saks is now offering digital advertising to connect brands with luxury shoppers on its platform. The new Saks Media Network delivers sponsored product ads and display...

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Saks Gets into EV Sales in Bid to Drive Digital Engagement
Saks Gets into EV Sales in Bid to Drive Digital Engagement
February 06, 2024  |  Retail

As brick-and-mortar retailers look for new ways to remain relevant amid commerce’s digital transformation, Saks Fifth Avenue is turning its focus to automotive sales in...

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Skims Taps Saks to Launch Shop-in-Shop Experience for Customers 
Skims Taps Saks to Launch Shop-in-Shop Experience for Customers 
May 02, 2023  |  Retail

Skims, a brand created by Kim Kardashian that specializes in underwear, loungewear and shapewear, has expanded its retail reach through a partnership with luxury department...

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Luxury Retailers Like Saks and Gucci Lean Into Exclusivity
Luxury Retailers Like Saks and Gucci Lean Into Exclusivity
April 22, 2023  |  Retail

Luxury retailers are promoting exclusivity as a way to focus on their core customers and keep them engaged. Following in the footsteps of iconic brands...

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Vrai Ramps Omnichannel Approach Amid Surging Demand for Lab-Grown Diamonds
Vrai Ramps Omnichannel Approach Amid Surging Demand for Lab-Grown Diamonds
January 19, 2023  |  Retail

Lab-grown diamonds are gaining ground with consumers and retailers as sustainability meets luxury online and in-store. If there’s one brand to watch, it’s VRAI (pronounced...

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