ATLANTA — Saks Inc. is targeting overseas expansion as a key strategy as the U.S. economy falters and took another step in that direction Wednesday with the opening of a Saks Fifth Avenue men's store in Dubai.
Stephen I. Sadove, chairman and chief executive officer, said at the annual shareholders meeting here Wednesday that the retailer is looking at more opportunities in the Middle East and in Shanghai, as well as other markets. A Saks Fifth Avenue store is scheduled to launch in Jeddah, Saudi Arabia, in November.
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?"