Saks News

June's heavy rains contribute to another disappointing month for retailers as same-store sales fell an average 4.7% last month.

ONE year on from her infamous no-show at the live finale of Australia's Next Top Model , former host and bikini mogul Jodhi Meares is far from the Top Model epicentre.

Share + Jul 6, 2009 2:03 pm US/Eastern A former Saks Fifth Avenue jewelry saleswoman has been sentenced to 90 days in jail and 100 hours of community service after being convicted of stealing from the luxury goods store.

Women's clothing retailer Forever 21 has submitted a bid in bankruptcy court to take over 16 Gottschalks locations, including four stores in the central San Joaquin Valley -- at Fashion Fair mall, The Shops at River Park, Visalia Mall and Hanford Mall.

While several island retailers have shuttered for the summer, some closing for good, a few stores have been in the process of opening, relocating or expanding their quarters, in anticipation of an improved business climate come fall.

It's a scary time to be investing in consumer stocks. Americans, heavily in debt, are losing jobs at a rapid pace, while their main sources of wealth, such as stocks and real estate, have plunged in value.

Ahead of the Paris couture shows, top designers have joined a tricky exercise to glam up one of the world's most traditional pieces, the abaya - the long black overgarment worn by millions of Arab women.

Personal incomes are rising reflecting tax cuts and consumer spending is up as well, notably car sales.

Jonathan Saunders will show at London Fashion Week, instead of in New York, for spring 2010.

I've been shopping around for more opportunities and this one caught my eye... The Basics: Saks, Inc.

Mid-priced U.S. department store chains are beginning to eye the outlet store concept, which has worked for their upscale rivals, the chief executive of Tanger Factory Outlet Centers Inc said on Tuesday.

Saks Inc. , Neiman Marcus Group Inc. and other luxury retailers are reducing orders this year to limit supply and boost profitability.

And the impact will mean both sweeping changes in the merchandise on their shelves and subtler alterations, like how many pantyhose to keep in stock.

Shopping as we know it is on the brink of major change. Hammered by the recession, some of the nation's biggest retailers are seizing the moment to reinvent their business strategies.

Shares of the following companies had unusual moves in U.S. trading . Stock symbols are in parentheses and prices are as of 4 p.m. in New York.

Earlier this month, CEO Peter Schoenfeld of P. Schoenfeld Asset Management claimed a victory in his proxy battle with Saks Incorporated .

Diego Della Valle, chairman and chief executive officer of Tod's SpA, the Italian footwear and accessories firm, maintains that his 6 percent holding in Saks Inc.

Saks Fifth Avenue Off 5th, the discount division of upscale specialty retailer Saks Fifth Avenue, will open June 19 in a 28,000-square-foot space at the Gilroy Premium Outlets shopping center.

Michael Kors and Heidi Klum, "Project Runway" collaborators, are extending their rapport to a charitable cause.

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