Tag: Saks Fifth Avenue
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Step one of the Saks bankruptcy turnaround: An email
New CEO of Saks Global, Geoffroy van Raemdonck, sent me an email. Okay, it was sent to everyone on the email list. In it, he made it clear that Saks was not going out of business, and you can still make returns. It was a small gesture to try and assure its customers in the…
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What the Saks bankruptcy means
It finally happened. Saks Global filed for bankruptcy. Here’s what that doesn’t it mean: It doesn’t mean that all of their stores are closing and that the brand will cease to exist. However, it does mean that the brand has bought some time to get back into a better financial position. As this drama plays…
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Saks is in a luxury pickle
Previously in retail news, Saks acquired Neiman Marcus. The two struggling luxury department stores were in dire straits on their own. And now together, Saks Global needs a turnaround. There a multiple lawsuits as brands are still seeking payments for product that never came through. Bankruptcy is looming It doesn’t bode well for the future…
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So, did you hear about the possible Saks and Neiman Marcus buyout?
Investors are eyeing a deal that could put Neiman Marcus and Saks Fifth Avenue under the same ownership group. If you want to read more about that deal, you can do so with this WWD article. I am just here to speculate. If this deal goes through, what will it mean for the luxury shopping…
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Amazon luxury stores vs Saks: How different is the shopping experience?
Perhaps I dive too deep into things, but I was curious about how the site experience of the Amazon Luxury Stores compared to that of a more established e-retailer, Saks Fifth Avenue. Granted, Saks has been in the luxury retail for literally over a century and have provided an e-commerce site since 2000. Amazon on…
A Wren Says 