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Arcandor Files for Insolvency
Original at Wall Street Journal
• Tue, Jun 9
Founded in the late 19th century, the same time as prominent department stores like Harrods in London, Galeries Lafayette in Paris and Saks Fifth Avenue in New York, Karstadt has long been a fixture on German shopping streets. ...
Recession Turns Malls Into Ghost Towns
Original at Wall Street Journal
• Thu, May 21
• 23 related articles
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Filene's Basement Seeks Chapter 11 Protection
Original at Wall Street Journal
• Mon, May 4
- Rachel Dodes, Rachel Dodes At a recent analysts' conference, Saks Inc.'s chief executive Stephen Sadove said the company's 51 Off Fifth outlet stores are "performing substantially better" than its 53 full-priced Saks Fifth Avenue stores. Nordstrom Inc. reported sales at stores ...
'Black Tie' Made of Blue Denim
Original at Wall Street Journal
• Fri, May 1
- Ray A. Smith Saks Fifth Avenue highlighted nontraditional tuxedo looks for its spring print ad campaign, including a denim tuxedo by Dolce & Gabbana ($2530 for the jacket; $1170 for the trousers). The retailer's men's fashion director, Eric Jennings, ...
Amid Tough Times, Chinese Delicacies Take a Price Cut
Original at Wall Street Journal
• Fri, Mar 6
NY Late last year, the Saks Fifth Avenue in the US slashed prices by 70% on designer clothes before the Christmas season. Heavyweight brands including Gucci and Prada were also offering discounts in exclusive shops as high as 50%, shocking the top fashion ...
Calvin Klein Collection Men’s Returns Stateside
Original at Wall Street Journal
• Sun, Feb 15
NY Luxury department stores had stopped carrying Collection men’s and women’s due to late deliveries and uneven quality. PVH took the Collection business inhouse early last year and tried to woo back stores it had lost. Saks Fifth Avenue was among those ...
It Holding SpA Files for Bankruptcy, Saks Reels from Fall ...
Original at Wall Street Journal
• Mon, Feb 9
NY WSJ When Saks Fifth Avenue slashed prices by 70% on designer clothes before the holiday season even began, shoppers stampeded. Saks’ deep, mid-November markdowns were the first tug on a thread that’s now unraveling long-established rules of the ...