Saks Fifth Avenue news and archive

Bloomberg: Saks Global faces potential Chapter 11 bankruptcy filing

Saks Global, the parent company of luxury department store Saks Fifth Avenue, is considering filing for Chapter 11 bankruptcy in the US. This move is being considered a last resort amid growing financial difficulties, according to reports from Reuters and Bloomberg News. The potential filing comes as the company grapples with high debt and...

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Retail

The first 'Barneys at Saks' opens at Saks Fifth Avenue flagship

Saks Fifth Avenue has debuted its 'Barneys at Saks' retail experience in its New York flagship, after gaining licensing rights for the retailer back in 2019. This marks the first time Barneys has occupied brick-and-mortar retail space since the closure of its stores at the beginning of 2020. Authentic Brand Group purchased Barneys after the...

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Fashion

Saks unveils Fifth Avenue holiday window and lights display

Saks Fifth Avenue has debuted its iconic holiday window display at its New York flagship for the 2020 season. The retailer's Fifth Avenue installation takes a more theatrical approach this year: a ten-story-tall light show with a reimagined, one-of-a-kind event concept called "Saks Lights Up Fifth Avenue." The retailer will host Saks Lights Up...

Retail

Saks Fifth unveils revamped website with additional features

Saks Fifth Avenue has revealed a revamped website that includes additional features, improved site speed across desktop and mobile, and enhanced search capabilities. The re-launched site, which marks the company’s first comprehensive website makeover in the past five years, now features a more prominent ‘New Arrivals’ section, an expanded ‘Edit’...

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Fashion

Saks Fifth Avenue launches "Register to Vote" initiative

Saks Fifth Avenue has partnered with nonpartisan organizations HeadCount and Vote.org to promote voter registration. The luxury retailer is launching a new initiative, "Register To Vote At Saks," which utilizes space in its flagship store to allow visitors to register to vote. Individuals may visit the second floor of the Fifth Avenue location...

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People

Saks Fifth Avenue hires chief diversity officer

Saks Fifth Avenue has a new chief diversity and inclusion officer in the house. Lori Spicer Robertson has been named to the aforementioned position. She will report to Saks Fifth Avenue's chief people officer Sarah Garber. “We have been focused on expanding our diversity and inclusion initiatives at Saks Fifth Avenue, which includes developing...

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Retail

Saks Fifth Avenue launches same-day delivery in Manhattan

Saks Fifth Avenue has launched a new service to allow select customers to shop online and receive their orders the same day. The service is only available to shoppers in Manhattan. Over 250 items are eligible for Saks' same-day delivery. The dedicated array of inventory includes pieces by Alexander Wang, Alice + Olivia, Celine, Dior, Fendi,...

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Retail

Saks Fifth Avenue opens a dedicated men's store in Boston

While several retailers are permanently shuttering stores in response to the pandemic, Saks Fifth Avenue has opened a new location. A dedicated men’s store, the new Saks is located in Boston’s Back Bay neighborhood at Copley Place. Saks is continuing to focus on its growing men’s business through the 46,000-square-foot, two-level retail...

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Retail

Saks Fifth Avenue reopens NYC flagship with new services

New York City was given the green light to resume in-store retail on Tuesday, and Saks Fifth Avenue has announced the reopening of its flagship. The Fifth Avenue store will open on Wednesday, marking the completion of Saks' phased approach to reopenings of its 40-store fleet across the U.S. and Canada. The location will have modified services to...

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Business

Saks Fifth Avenue invests in digital buying and merchandising processes

Department stores have been some of the worst hit retailers during the pandemic crisis, with many not having the e-commerce prowess to match their brick and mortar cachet and success. Barneys and Neiman Marcus are but two examples. For many luxury department stores technology became a lesser priority when focus was needed on physical storefronts...

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Fashion

Cinq à Sept teams with Saks donate to Food Bank for NYC

Cinq à Sept is releasing a new capsule collection to be sold exclusively through its e-commerce site and Saks Fifth Avenue. Proceeds from the limited-edition capsule will benefit Food Bank for New York City. Featuring four cotton T-shirts, the capsule collection is designed to evoke a sense of joy and pride for New York. Each style is printed...

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Fashion

Saks Fifth Avenue donates 600,000 dollars to COVID-19 relief

Saks Fifth Avenue is contributing to COVID-19 relief efforts through its Saks Fifth Avenue Foundation. The Foundation usually focuses its aid on making mental health a priority in every community, and now will make an emergency grant of 600 thousand dollars to support patient care address urgent mental health needs in response to the pandemic....