upgrading its merchandise assortment in the hopes of grabbing more share of the high-end consumer's wallet, while Saks SKS has been adding affordable luxury items to its offering. Other retailers such as Neiman Marcus and Lord & Taylor have
Vera Bradley ( VRA +1.9% ) names Robert Wallstrom as successor to retiring CEO Michael Ray. Wallstrom previously served as President of Saks Fifth Avenue 's OFF Fifth division. From 2002 to 2007, he was Senior Group VP and GM of Sak's flagship NY store. Post your comment!
Saks ( SKS -0.1% ) formally approves the department store chain's merger with Hudson's Bay. The transaction in which Saks shareholders receive $16 per share is expected to close on November 4. Post your comment!
locations. Relative to more-focused REITs, Simon can offer its tenants space to suit all their store formats (such as Saks ' regular stores and Off 5th discount stores) in more locations. Furthermore, if a retailer wants exposure to a certain
Aug 5 (Reuters) - Neiman Marcus has selected underwriters for a near term initial public offering, in the latest sign that the high end department store is looking towards going public rather than...
ahead of fashion trends. Saks ' historically low and ..... dramatically different. Saks is improving, but luxury ..... On a relative basis, Saks still trails the market ..... owns nearly 25 of its Saks Fifth Avenue stores, including its
pay $16 a share in cash and assumed debt for Saks SKS . We think this is a good price for Saks ' shareholders and believe the deal will go through. The deal values Saks ' equity at $2.4 billion, or $2.9 billion
retained the higher-end transactional cards that did not have high rolling balances, such as Neiman Marcus or Saks Fifth Avenue . All the while, Capital One has been focused on expanding its automotive and commercial lending segments. Despite
Saks ' SKS stock has risen again to nearly $16, well above our $9 fair value estimate, following a Friday New York Post report that Starwood
(Reuters) - Real estate investment firm Starwood Capital Group LLC Chief Executive Barry Sternlicht has made an offer for Saks Inc , the New York Post reported on Friday, driving the luxury...