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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
Mark Cohen
Designer Mark Cohen Dies at 63
Mark Cohen, the co-owner and designer at wholesale jewelrybrand J.J. Marco, passed away on May 27 at the age of 63. Cohen and his wife, Julianne Jaffe, founded the company in1990. They ran it for 15 years...
Retail Jun 26, 2019 Rapaport News
Platinum Guild Expands New Jewelry Line
Platinum Guild International (PGI) will offer its new lineof jewelry, Platinum Born, in 30 stores throughout the US, including majorretailer Saks Fifth Avenue. The organization will also expand the selection it offers inthe...
Retail Jun 16, 2019 Rapaport News
Personal Mission
Personalizing Can Give Stores an Edge
In the retail industry, “The customer is always right” haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start?...
Retail Jan 01, 2019 Leah Meirovich
Roberto Coin black jade
Roberto Coin Jade Line Pulled from Macy’s
Macy’s has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy’s move in April, filed...
Financial-Legal Dec 31, 2018 Leah Meirovich
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
Cartier Files $40M Lawsuit Against Saks
Saks Fifth Avenue illegally ordered Cartier to vacate aprime location inside its famous New York department store, according to a $40million lawsuit Cartier filed last week. The case revolves around a lease agreement that...
Financial-Legal Oct 07, 2018 Rapaport News
De Beers Diamond Jewellers New York Madison Avenue
De Beers Opens Signature Store in New York
De Beers Diamond Jewellers unveiled its flagship New York store, in which it features rough diamonds to give customers a better sense ofthe finished product’s origin.To mark the occasion, the jewelry retailer displayed a 109-carat, type-IIa...
Retail Dec 12, 2016 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
Gilt Groupe
Online Retailer Gilt Groupe Close to $250M Takeover: WSJ
Online retailer Gilt Groupe Inc. is close to a deal to sell itself forabout $250 million to Hudson’s Bay Co., the owner of Saks Fifth Avenue, The Wall Street Journal reportedDecember 14.That price compares with the...
Retail Dec 17, 2015 Rapaport News
Retailers Report Mixed Results for 3Q11
Larger U.S. department store sales and earnings during the third quarter were largely mixed and influenced by tighter consumer wallets in October, despite better sales of apparel and jewelry. Of those retailers that Rapaport...
Retail Nov 18, 2011 Ricci Dipshan
Saks Fifth Ave OFF 5TH
Saks Fifth Avenue OFF 5th to Open in Mississippi
Saks Fifth Avenue OFF 5th plans to open a new store in Madison, Mississippi, near the Jackson metro area in the second quarter of 2012. The 20,000 square foot, modern space will be located in the new,...
Retail Jan 19, 2011 Denise Romano
JA Announces Three New Retail Members
Jewelers of America (JA) announced that Neiman Marcus, Saks Fifth Avenue and Ultra Diamonds have joined the organization as retail members. JA noted that these three national retailers celebrate strong commitment to customer service, high quality merchandise and the most professional standards. Matthew A. Runci,...
Marketing Dec 13, 2010 Denise Romano
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