NEW YORK — For Saks Fifth Avenue, there’s no race to open stores overseas. Yet the luxury chain is gaining an edge over its competition.
“We primarily are exploring opportunities in emerging markets where luxury is underrepresented,” said Stephen I. Sadove, chairman and chief executive officer of Saks Inc., which on Tuesday revealed that Saks Fifth Avenue will open a licensed unit in Almaty in the central Asian country of Kazakhstan in August 2012.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)