Off 5th


HBC Q3 Loss Narrows, Sales Double with Saks’ Help

One-of-a-kind creations by Michael Southgate featured in Saks Fifth Avenue flagship's Holiday Windows

Toronto—Its acquisition last year of Saks Inc. enabled Hudson Bay Co. to nearly double its retail sales and post a smaller third … [Read more...]

Saks to Open Second NYC Store in Financial District

Brookfield-Pavilion

Toronto and New York--Hudson’s Bay Company announced today that it has signed a lease with Brookfield Property Partners L.P. … [Read more...]

Sales Surge Helps Hudson’s Bay Co. Narrow Q2 Loss

bay days

Toronto—Canadians are jumping all over Hudson's Bay Co. discount brand Saks Fifth Avenue Off 5th. Saks Fifth Avenue Off 5th … [Read more...]

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...]