saks fifth avenue

S&P Global Downgrades Saks’ Credit Rating, Calls $600 Million Financing Deal ‘Tantamount to a Default’

In light of a proposed debt restructuring announced earlier this month by Saks Global, S&P Global Ratings has downgraded the retailer from…

Saks Global Gets $600 Million in Financing from Current Bondholders

Saks Global, parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has secured $600 million in committed financing from a…

J.Jill Names Retail Veteran to Top Merchandising Role

J.Jill has named Courtney O’Connor as its SVP and Chief Merchandising Officer, effective June 30, 2025. O’Connor will succeed Shelley Liebsch, who…

Saks Global Expands Assortment Planning Solution to Neiman Marcus and Bergdorf Goodman

Saks Global has expanded its partnership with NuORDER by Lightspeed, a B2B assortment planning platform, adding Neiman Marcus and Bergdorf Goodman as…

Hudson’s Bay Sells IP and Brand Assets to Canadian Tire for $21.6 Million

As part of its liquidation process, Hudson’s Bay Company will sell its intellectual property (IP) to Canadian Tire, another retailer with a…

Saks to Curate New Multi-Brand Luxury Storefront on Amazon

Saks Fifth Avenue has partnered with Amazon Fashion to launch a Saks-branded storefront on Amazon. The department store retailer will curate a…

Pop-Ups Prove Their Versatility: Product Debuts, Event Tie-Ins and On-the-Ground Testing

While pop-ups aren’t a new phenomenon, they have become more sophisticated and varied in recent years. They can be as small (and…

Saks Opens Newest Appointment-Only ‘Fifth Avenue Club’ in West Hollywood Hotel

Saks Fifth Avenue’s latest Fifth Avenue Club personal shopping location has opened at the London West Hollywood hotel in Beverly Hills, Calif. The…

Live from New York: Saks Features Pop-Up Shop, Limited-Edition Merch for Saturday Night Live’s 50th

Saks Fifth Avenue is planning a range of activities to celebrate the 50th anniversary of its “neighbor” Saturday Night Live (the show…

UPDATE: Saks Global Finalizes $2.7 Billion Neiman Marcus Acquisition

[Update as of Dec. 26, 2024] Saks Global has completed its acquisition of Neiman Marcus Group, joining the retailer’s portfolio of the…

Lord & Taylor to Relaunch as Discount Luxury Ecommerce Site

Regal Brands Global, the new owner of iconic department store brand Lord & Taylor, plans to relaunch it as a discount luxury…

Citing Costs, Saks Fifth Avenue Dims the Lights on its Holiday Show

After more than 20 years, Saks Fifth Avenue is cancelling the renowned holiday light show at its Fifth Avenue flagship store. The…

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