Saks Inc.


Private Investors to Buy Neiman Marcus for $6 Billion

Neiman Marcus

Dallas—For a second time this year, a Canadian company is buying a leading U.S. luxury retailer. The Canadian Pension Plan … [Read more...]

Week in Review: News to Remember

Proenza Schouler handbags at Saks Fifth Avenue

New York—It’s the height of earnings season, when retailers both small and large report their sales and profits for the last … [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...]

Retail Analysts Debate Hudson’s Bay Bid for Saks Inc.

Saks-Fifth-Avenue-identity-packaging-Pentagram-OCD

New York—Analysts are taking a mixed view of the $2.9 billion Hudson’s Bay Company (HBC) acquisition of Saks Inc., with one saying … [Read more...]

Week in Review: 10 Things to Remember

rihanna

New York—There are rumors that prove true…and rumors that turn out to be false.  Such is frequently the case in retail and this … [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...]

Week in Review: Articles to Recall

Legendary model Lauren Hutton appears in Lucky Brands' Fall '13 ad campaign

New York—We learned a lot about luxury this week. LVMH and Kering, two of the largest luxurygoods conglomerates, reported their … [Read more...]

Three Bidders Emerge for Saks Inc.; Deal Pending?

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

New York—Shares of Saks Inc. rose in trading today as speculation escalated about potential rival suitors to buy the … [Read more...]

Week in Review: Top Accessories, Retail Stories

stuartvevers

New York--Life has its ups and downs and this week had plenty of gains and losses.On the gain side, Saks Inc., parent to Saks … [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...]

Week in Review: News to Know

Phillip Lim, winner of the CFDA Accessory Designer of the Year Award, and actress Rose Byrne at the 2013 CFDA Fashion Awards at Alice Tully Hall on June 3, 2013 in New York City.  (Photo by Jamie McCarthy/Getty Images)

New York--It was a week for looking ahead but also reviewing the past. For forward thinkers, there's our upcoming Spring/Summer … [Read more...]

Neiman Marcus Q3 Profit Up 13%

Neiman Marcus

Dallas—Amid various rumors that Neiman Marcus Group might launch an IPO or even be part of a merger with rival Saks Inc., the … [Read more...]