Off 5th


Hudson’s Bay Swings into Q1 Profit on Sales Boost

Hudson's Bay

Toronto—Hudson’s Bay Company reported Tuesday that it swung into first quarter profit thanks to more than doubling its retail … [Read more...]

Top Executives Named at Vera Bradley, Sorrelli, Dressbarn

Executive Moves

Vera Bradley Hires Former OFF Fifth President as CEO Fort Wayne, IN—Robert Wallstrom, a former executive with Saks Inc., has been … [Read more...]

Saks Inc. Swings into Larger-Than-Expected Q2 Loss

Proenza Schouler handbags at Saks Fifth Avenue

New York—While Saks Inc. has 40 days to find another company to outbid Hudson’s Bay Company’s $16 a share (about $2.4 billion) … [Read more...]

Hudson’s Bay Company to Buy Saks Inc. for $2.4 Billion

Saks Fifth Avenue's New York flagship, one of the prime retail locations in the world

Toronto and New York—Hudson’s Bay Company confirmed today that it plans to buy Saks Inc. in a $2.4 billion deal that will bring … [Read more...]

Saks Inc.’s Latest Suitor: Lord & Taylor Owner Hudson’s Bay Co.?

Saks Fifth Avenue's New York flagship, one of the prime retail locations in the world

Toronto—Neiman Marcus Inc.’s owners may have quashed the purported idea whereby Kohlberg Kravis Roberts would have taken a stake … [Read more...]

Saks Names Jennifer Aniston Ambassador for Key To The Cure

jenniferaniston

New York—Jennifer Aniston is used to making headlines for her films, TV shows and even who she’s dating. Now the actress hopes to … [Read more...]

Saks Inc. Beats Earnings Estimates Despite 38% Profit Decline

Saks Fifth Avenue flagship

New York—Saks Inc. today reported that its first quarter profit sank 38% from last year, but its adjusted figures actually beat … [Read more...]

Saks Inc. Posts Q4 Profit Decline, But Still Beats Forecasts

Saks Fifth Avenue

New York—Despite sales at some of its Saks Fifth Avenue and Off Fifth stores being negatively affected by Superstorm Sandy, Saks … [Read more...]

Saks Inc. Q3 Profit Meets Expectations; “Optimistic” About Q4

10022-SHOE: Footwear was one of Saks Fifth Avenue's bestselling categories during third quarter.

New York—Saks Inc. reported today a “modest” 27% increase in its third quarter profit thanks to higher comparable store sales and … [Read more...]

Saks Inc. Q2 Posts Loss, Sales Gain

Model with Anya Hindmarch bag by Saks Fifth Avenue's photo blogger Phil Oh.

New York—Despite an increase in sales, Saks Inc. reported today that its second quarter loss widened due to costs associated with … [Read more...]

Saks Q1 Profit Rises, Sales Solid Not “Robust”

Saks Inc. plans to invest more in certain categories, notably footwear

New York—Saks Inc. posted today a 13% gain in its first quarter income as regular priced sales increased but still missed … [Read more...]

Saks Q4 Beats Estimates as Demand for Luxury Rises

Tori Burch at Saks Fifth Avenue. Handbags have been a top performer for the retailer.

New York—Buoyed by the upward swing in luxury sales, Saks Inc. reported today that its fourth quarter profit and sales beat … [Read more...]

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