Saks INC. wants to get back what it lost last year — profitability.
The luxury company seeks a return to midsingle-digit profitability in a couple of years through continued cost cutting, evolving the mix, procuring more exclusives and growing the outlet and Internet businesses, according to Saks chairman and chief executive officer Stephen I. Sadove, who outlined the strategy Wednesday at a Telsey Advisory Group Consumer Conference.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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