Stephen Sadove


Sadove, Frasch to Depart Saks; Harrod’s Exec the Next President?

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

New York—It’s only been a matter of hours since Saks Inc. announced its chairman/ceo and president/chief marketing officer would … [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...]

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...]

NRF Asks U.S. Judge to Reject Swipe Fee Settlement

Swipe Fees

Washington—The National Retail Federation (NRF) and a broad cross-section of retailers asked a federal judge on Tuesday to reject … [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...]

Retail Industry Adopts Principles for Tax Reform

Tax Reform

New York–Citing partisan battles that have instilled fear and hurt consumer confidence, the nation’s retailers are joining the … [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...]

Saks to Open Online Distribution Center in Tennessee

Saks Inc.

La Vergne, TN—Saks Inc. reported this week that it plans to build a new 564, 000 square foot distribution facility here adding to … [Read more...]

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