Saks Inc. came out of the economic crisis OK, back in the black and with its core strategies intact. But there’s a postrecession game plan with a definite list of priorities: growth through the Internet, a steady diet of Off 5th outlet openings, renovating full-line stores and pushing for differentiated merchandise.
The time is right to take “balanced risks” and make “infrastructure investments,” said chairman and chief executive officer Stephen I. Sadove, who updated the Saks agenda at the Barclays Capital Retail & Restaurants Conference on Tuesday.
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?"