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“Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations” Saks Global said Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations. The company has largely completed the process of shutting down underperforming stores with…
“#24 designer brands to shop for the Saks Friends and Family Sale” NY Post may be compensated and/or receive an affiliate commission if you buy through our links. When it comes to finding designer deals, Saks Fifth Avenue is more than happy to welcome you into their family of brands and hook you up. Especially…
“#Saks Off 5th clothing site valued at $1 billion in spinoff from stores” The e-commerce side of Saks Off 5th, the off-price luxury chain, will be split off from its bricks-and-mortar stores in a deal that values the fast-growing, discount luxury site at $1 billion, the company said on Monday. Venture capital firm Insight Partners…
“#NBA star James Harden joins Saks board of directors” Brooklyn Nets hoopster James Harden has joined the board of the Saks luxury fashion site, even as he becomes one of its financial backers, the company said on Monday. The NBA superstar approached Saks Fifth Avenue chairman Richard Baker about investing in Saks after it was…
“#Saks Fifth Avenue owner to split Saks.com into separate business” HBC, the owner of Saks Fifth Avenue said Friday it will split the luxury department store’s website into a separate business from its stores after it raised $500 million. The separation allows Saks.com, which has about $1 billion in annual sales, to raise money to…