Saks News Archives

Men appreciate centerfold Heidi Klum 's beauty in the 2008 Sports Illustrated Swimsuit Issue . via Bloomberg

“Sim's expertise will facilitate Fortunoff's retail expansion and enhance our profile as a high-end jewelry and home wares vendor.”

Charles Chinni, Fortunoff Chairman and CEO, announced the appointment of Christopher Sim as Executive Vice President and CFO of the company, which was acquired by NRDC Equity Partners in March. via The Paramus Post

Support includes selling wristbands, e-cards and well sponsorships $5 charity: water bracelets available at Saks Fifth Avenue and saks.com. NEW YORK, April 23 /PRNewswire/ -- This Mother's and Father's Day, ... via CSRwire.com

As part of its rebuilding effort following its recent bankruptcy, Fortunoff has hired former Saks Inc. via Women's Wear Daily

Coach Inc., the largest U.S. luxury leather goods seller, said Tuesday its quarterly profit rose 8.3%, helped by strength both in the U.S. and abroad. via MarketWatch

“My designs are meant to inspire, awaken and soothe”

Designer Bianca Paradis wears one of her new Eco Couture bamboo cloth V-neck T-shirts featuring a Swarovski-crystal image of the Earth goddess, $145. Environmentally conscious Palm Beach designer Bianca Paradis ... via PalmBeachDailyNews

“With outlets, the perception was that it was kind of second-class shopping”

Orlando's luxury outlet centers are battling harder than ever for customers as the economy continues to sour. via The Orlando Sentinel

“That was the point-on question that really is the difference in this whole case”

A Green Bay alder found an old piece of audio which he says proves former Mayor Paul Jadin is responsible for more than $5 million in a city lawsuit. via WBAY

Zac Posen with guest Natsha Isaacs looking fabulous in a Zac Posen creation. Last night Saks Fifth Avenue and the Steppenwolf Auxiliary Council hosted a cocktail party and Zac Posen fashion presentation to ... via Second City Style

“Department stores are increasingly adding space for hair care”

Procter & Gamble wants to learn how to sell shampoo to women who shop at Saks instead of at Meijer. via The Cincinnati Enquirer

“Consumers are buying what they need”

A couple walks with bags from Gap outside of a Gap store in San Francisco, Thursday, April 10, 2008. via Athens Banner-Herald

Stocks fluctuated Thursday as investors weighed mixed sales figures from major retailers and a drop in unemployment claims.

The Labor Department said initial claims for unemployment benefits fell by 53,000 to 357,000 last week, a better-than-expected reading. Still, the four-week average of claims, which helps the market look past week-to-week volatility, rose last week to 378,250, a two-and-a-half-year high.

Because of the shaky economy, retailers have been hurting. Limited Brands Inc., Gap Inc., J.C. Penney Co., Kohl's Corp., Saks Inc. and Nordstrom Inc. all reported drops in March sales on Thursday. The news came a day after home furnishings retailer Bed Bath & Beyond Inc. warned its first-quarter profit would come in below the average analyst estimate. Read more

“He has a strong love affair with color, he has a strong fashion opinion and he has a great eye for fashion.”

Designer David Meister expressed his flair for fashion at an early age when he was partial to a certain pair of purple bell bottoms, white belt, and a red and white floral shirt. via Birmingham News Online

“It's a stratification of customers”

Major U.S. retailers from Wal-Mart Stores Inc. to J.C. Penney Co. are reining in their store expansion plans in the face of a slowing economy, but one retail channel is far from short on capital fuel: upscale ... via MarketWatch

“Over time, we believe there is meaningful new store growth opportunity for Saks Fifth Avenue OFF 5TH, and we look forward to expanding this new format into other markets in the future.”

Saks Fifth Avenue, a division of Birmingham, Ala.-based Saks Inc., will open a new OFF 5TH store in the Prime Outlets International Center in Orlando, Fla. via Display & Design Ideas

MARYVILLE, Tenn. - Ruby Tuesday, Inc. announced today that R. Brad Martin has been elected to a seat on its Board of Directors and also said that it is expanding the number of Directors from seven to eight, ... via Earth Times

“The Class B board members are committed to working with the new Class A board members to ensure that the best operating plan and management team possible are in place”

Dillard's Inc. and an investor group that has been critical of the way the department store chain has been run have reached an agreement on a slate of four proposed directors.

New York-based Barington Capital Group LP and its affiliate, Clinton Group Inc., own 5.4 percent of Dillard's shares. The hedge funds have demanded a look at Dillard's books and nominated four people for seats on Dillard's board, including Barington chief James Mitarotonda.

On Tuesday after the bell, Dillard's issued a news release saying it will nominate one director favored by Barington and that the sides reached an agreement on the three other seats. The release said the agreement was reached in conjunction with Southeastern Asset Management. Read more

“You don't feel like you are in a shopping area”

Barbara Lowenstein of Mt. Lebanon shows Bob Cass, of Cass Plumbing and Heating, 217 Fourth Ave., parts from a late 1920s shower that she's looking to replace. via Pittsburgh Post-Gazette