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Tiffany US Retail
Tiffany, Macy’s Among Retailers Closing US Stores
A growing number of US retailers, including Tiffany & Co., are temporarily shuttering all locations across North America in an effort to stem the coronavirus spread.“Effective immediately, we’re temporarily closing all Tiffany stores in the US and Canada,...
Retail Mar 18, 2020 Rapaport News
Saks The Vault
Saks Unveils Luxury Jewelry Space
Saks Fifth Avenue has debuted The Vault, a new floor thatwill feature pieces from luxury fine-jewelry and watch designers. The area, located on the retailer’s lower level, willhighlight more than 25 brands, and...
Retail Sep 08, 2019 Rapaport News
Saks Fifth Avenue countersuit
Saks Strikes Back at Cartier with $55M Claim
Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully...
Financial-Legal Oct 08, 2018 Rapaport News
Saks to Open Specialty Jewelry Store
Saks Fifth Avenue will launch a store dedicated to jewelry nextyear as part of a program of introducing specialty boutiques.‘The Vault’ will open in Greenwich, Connecticut, in May,focusing on “high and fine” jewelry, the department store chain said. Saksalso...
Retail Oct 30, 2016 Rapaport News
Saks to Open at Eaton Centre, Sherway Gardens Toronto
Hudson's Bay Company will open a full-line Saks Fifth Avenue store in Toronto, Canada at the Hudson's Bay flagship store at the corner of Queen Street and Yonge Street. The approximately 150,000-square-foot, multi-level Saks is planned...
Retail Jan 27, 2014 Jeff Miller
Mark Briggs to Leave Harrods for Saks
Saks Fifth Avenue appointed Mark Briggs to join the retailer as its new chief marketing officer, effective March 2014. Briggs spent 20 years at Harrods as the luxury retailer's director of store image. In his new role...
Marketing Dec 19, 2013 Jeff Miller
Saks Taps Legendary Yeti for Christmas Display Theme
Saks Fifth Avenue’s flagship store in Manhattan will come alive with the unveiling of its Christmas-season decorations on November 25 and the debut of its ''Snowflake Spectacular,'' a light show projected onto the façade of the building....
Marketing Nov 08, 2013 Jeff Miller
Saks Expects Merger to Close on November 4
Shareholders of luxury retailer Saks Incorporated overwhelmingly approved the merger agreement with Hudson’s Bay Company during a special meeting held today. Hudson's Bay also operates Lord & Taylor and Home Outfitters. Based...
Financial-Legal Oct 30, 2013 Jeff Miller
Saks Reaches Agreement With Shareholders on Merger Deal
Saks Inc. acknowledged this morning that it had reached an agreement to settle class action lawsuits that were filed by some shareholders in an attempt to prevent the retailer's sale to Hudson's Bay Company. Several class action suits...
Financial-Legal Oct 22, 2013 Jeff Miller
Sadove, Frasch to Depart Saks
Stephen I. Sadove, the chairman and CEO of Saks Inc. and Ronald L. Frasch, the president of the luxury retailer, will depart when the merger is completed with Hudson's Bay Company before the end of the...
Retail Sep 16, 2013 Jeff Miller
Saks' 2Q Sales Nearly Flat, Loss Grows to Almost $20M
Saks Inc. reported that its revenue barely improved, rising just 0.5 percent year on year to $707.8 million for the second quarter that ended on August 3. Same-store sales rose 1.5 percent. Cost of sales...
Financial-Legal Aug 19, 2013 Jeff Miller
Hudson's Bay to Acquire Saks Inc. for $3B
Hudson's Bay Company entered into an agreement to purchase Saks Incorporated for $16 per share in an all-cash transaction valued at approximately $2.9 billion, including debt. The transaction has been approved by each company's board of directors...
Financial-Legal Jul 29, 2013 Jeff Miller
Zale, Saks Post Strong Gains on the NYSE
Shares in Zale Corporation closed 22 percent higher for the day at $6.60 on the New York Stock Exchange (NYSE), following stronger than expected third quarter results. Zale's shares were up 183 percent from one...
Financial-Legal May 22, 2013 Jeff Miller
Saks' Sales +5%, Profit -38%; Increases Capital Expense Outlook
Saks Inc. reported that sales rose 5.2 percent year on year to $793.2 million for the first quarter that ended on May 4. Same-store sales increased 5.9 percent but the company stated that accounting...
Financial-Legal May 21, 2013 Jeff Miller
Saks to Close WestShore Plaza Location in Tampa
Saks Incorporated plans to close its Saks Fifth Avenue store in the WestShore Plaza in Tampa, Florida on May 4. This location has been operated by Saks since 1998. During the past seven months, the department...
Retail Apr 23, 2013 Jeff Miller
Saks Amends Credit Facility Up to $600M
Saks Incorporated amended its credit facility, increasing the maximum availability to $600 million from $500 million and extending the maturity date two years to March 28, 2018. The amendment favorably revises certain...
Financial-Legal Mar 28, 2013 Jeff Miller
Saks to Close Two Stores
Saks Incorporated will close its Saks Fifth Avenue stores located at Renaissance Place in Highland Park, Illinois and the Aboretum Market in Austin, Texas on December 31, 2012. Saks stated that 60 associates are employed...
Retail Sep 05, 2012 Jeff Miller
Saks Fifth Ave OFF 5TH
Saks' OFF 5th Outlet Celebrates Opening Tonight on Long Island
Saks Incorporated’s Saks Fifth Avenue OFF 5TH outlet store will open in a new location in Garden City, New York on August 23. The boutique will premier at the Gallery at Westbury Plaza, which opened this...
Retail Aug 22, 2012 Jeff Miller
Saks' OFF 5th Outlet Celebrates Opening Tonight Near Dallas
Saks Fifth Avenue OFF 5TH is opening in Grand Prairie, Texas, a suburb of Dallas, on August 17 at the new Paragon Outlets. This OFF 5th will be a 27,548-square-foot retail space and outlet store's the ninth location in Texas....
Retail Aug 15, 2012 Jeff Miller
retail sales
Click to play
Retail Sales Yield Mixed Results
Observations from the Hong Kong show were mostly positive. The retail environment in the U.S. continues to send mixed messages though. Blue Nile's sales and profits contracted in its Christmas quarter, and while...
Research Feb 22, 2012 Rapaport News
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