Saks Fifth Avenue’s Fall Campaign Features Paloma Elsesser and Camille Row

Saks Fifth Avenue is unveiling its fall 2025 campaign featuring Paloma Elsesser and Camille Rowe and photographed by Angelo Pennetta. The campaign comes to life at Saks Fifth Avenue’s New…

Standard & Poor’s Downgrades Saks Global

Standard & Poor’s, in a move that was largely expected, on Friday downgraded Saks Global. The ratings agency downgraded Saks Global to “selective default” from “CC” and its issue-level rating…

Saks Global Cuts 90 Jobs

Saks Global triggered another round of layoffs this week, giving pink slips to 90 employees within the luxury retailer’s commercial organization, WWD has learned. The job cuts included the elimination…

Luxury’s Angst Spells Opportunity for Off-price

“Right now there is a overabundance of excess inventory — every place — like I’ve never seen in my career.” So says Tom Ott, former Saks Fifth Avenue senior merchant…

Monique Billings on WNBA Style, Rakuten Partnership and More

For the first three years of Monique Billings’ WNBA career, walking onto the basketball court in sweatpants was the norm. But going into her eighth season and being drafted as…

Saks Fifth Avenue’s AI Virtual Voice Assistant Called Sophie

Saks Fifth Avenue is getting deeper into AI. The luxury retailer has partnered with two tech companies, NLX and Amazon Web Services, to provide an AI-powered virtual voice assistant for…

Saks to Open Isabel Marant Pop-up at Flagship

Isabel Marant is opening a pop-up shop at Saks Fifth Avenue. The pop-up on the New York flagship’s fifth floor will run for one month beginning Thursday. Marant has sold…

Saks Global Hires Advisors As It Works to Shore Up Liquidity

Saks Global, which told bondholders two weeks ago that it was looking at options to shore up its balance sheet, has brought some heavy-hitting advisers on board to help with…

Luxury Reset and Industry Shake-Up

Any good controversy has two, maybe three players squaring off, repositioning for a future that is usually coming much sooner than later.  And then there’s a focal point — some…

Saks Joins Amazon Luxury as Trade War Looms Over Retail

There’s Amazon’s new push into luxury with Saks and then there’s the e-commerce company’s push even higher — literally into space.  Amazon’s quarterly updates to Wall Street contain a list…