Congrats – we’re one Friday closer to the end of the month! Like many companies, the BI team was mostly out of the office last Friday to celebrate Juneteenth, but we’re back again this week with The Drive Thru, your weekly round-up of everything that’s happening in restaurants and retail. […]
Saks Fifth Avenue reopened its flagship location in Manhattan on Wednesday, with limited hours and several enhanced safety precautions, including ultraviolet light handrail sanitizing. I visited the store shortly after it opened on 11 a.m., and while I didn’t see many shoppers, the employees I talked to said they were […]
Several of New York City’s most notable department stores reopened on Wednesday after closing in response to the coronavirus pandemic. At Saks Fifth Avenue, escalators are being purified by new UV light systems. Nordstrom also reopened its Manhattan locations on Wednesday. Macy’s reopened its Herald Square flagship on Monday. Visit […]
Since opening last year, L’Avenue at Saks has established itself as one of the hottest restaurants in New York City, with clients ranging from Gigi Hadid to Kate McKinnon to Kim Kardashian West. L’Avenue originated in Paris, where it has been a favourite among fine diners for over 20 years. […]
The American Dream complex began its grand opening process on Friday, October 25 in East Rutherford, New Jersey. The 3 million-square-foot centre will be one of the largest malls in North America and will feature a theme park, ice rink, water park, and indoor ski centre in addition to over […]
Several major retailers – including Nordstrom,Macy’s, and JCPenney– reportedly worked with MC2 Model Management, the agency accused of supplying underage women to Jeffrey Epstein‘s alleged sex trafficking operation. According to Bloomberg, MC2 business partner Jeff Fuller approached CEO Jean-Luc Brunel in 2014 to voice concerns about Brunel’s ties to Epstein, […]
Shoppers these days are eager to score a good deal. Saks Off 5th – the discount branch of Saks Fifth Avenue – has a huge selection of designer items, while TJ Maxx is known for its consistently low prices. We shopped at both discount stores to see which is better […]
Nordstrom and Saks Fifth Avenue each have their own discount clearance stores: Nordstrom Rack and Saks Off 5th, respectively. Both offer designer brands for less. These off-price stores have an opportunity to be a bright spot for their parent companies as discounting remains in high demand. We visited Nordstrom Rack […]
We compared the New York City flagship stores of two luxury retailers: Neiman Marcus and Saks Fifth Avenue. While Saks has been on 5th Avenue between 49th and 50th Streets since 1924,according to the company, Neiman Marcus opened in the new $US25 billion neighbourhood of Hudson Yards in March 2019. […]
Wealthy shoppers have become bargain hunters...
Stroll into any retail clothing store focused...
The fashion retail industry employs more than 1.2 million people in the U.S., but most of the jobs are hourly and notoriously low-paid. We reached out to Glassdoor to help us find the companies that paid the best hourly wages in the industry over the last year. The data focuses […]
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Saks_%26_Company_Latticework.JPG”] An 89-year-old man was seriously injured after a vehicle slammed into Saks Fifth Avenue. Witnesses told CBS New York that the car jumped a curb before hitting the pedestrian and the Saks’ flagship location.
[credit provider=”AP” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=saks&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1307107423&pagez=60&cfasstyle=AND&rids=2d5b3f8b970b46ce8b5429e338e5773c&dbm=PY2006&page=1&xslt=1&mediatype=Photo”] NEW YORK, Sept 30 (Reuters) – Saks Inc opened its first Saks Fifth Avenue store in Kazakhstan on Sunday, as the retailer seeks to tap a growing appetite for luxury in emerging markets.The tri-level, 91,000-square-foot (8,450-square-meter) store is located in the Esentai Shopping Mall, the first of […]
[credit provider=”Flickr/sltrib” url=”http://www.youtube.com/watch?v=2zBWjlkKDpA”] Stores from Saks to Target are trying a groundbreaking new strategy to one-up online retailers: being nice to the people who spend their money there.Many consumers are “fed up” by how they’re treated by store employees, reports Sharon Edelson at Women’s Wear Daily.
[credit provider=”AP” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=saks&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1307107423&pagez=60&cfasstyle=AND&rids=2d5b3f8b970b46ce8b5429e338e5773c&dbm=PY2006&page=1&xslt=1&mediatype=Photo”] Shares of the luxury department store chain Saks Incorporated declined more than 10 per cent in pre-market trading this morning, after the company reported disappointing revenue figures for the first three months of the year.Saks said it generated sales of $753.6 million as comparable store sales increased […]
[credit provider=”youtube.com” url=”http://www.youtube.com/watch?v=aCDZlWoKkWQ”] The floodgates of tourism are being raised and that’s great news for America’s retailers.In January, President Obama signed a little-noticed executive order that simplifies and shortens the visa process for Brazilian and Chinese tourists, with the explicit goal of doubling the number of visas processed for Brazil […]