NEW YORK — Saks Inc., boosted by affluent consumers spending more amid Wall Street gains, posted a strong third quarter and sees the trend continuing in the fourth quarter.
“I don’t think people are euphoric, but luxury has substantially improved, coming off a lower base,” Saks chairman and chief executive officer Stephen I. Sadove told WWD on Tuesday. “We are seeing more full-price selling. There have been less promotions. People are feeling OK. It’s a much more stable environment.”
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"