NEW YORK — Given the various initiatives underfoot at Saks Inc., it was fitting that chairman and chief executive officer Stephen I. Sadove opted to stand and occasionally walk across the stage at CUNY’s Graduate Center while talking shop Friday morning.
As a leadoff speaker at “Initiatives in Art and Culture,” he didn’t dance around the retail fallout from the recession, e-commerce opportunities and international expansion plans. In “Saks Fifth Avenue: One-of-a-Kind Luxury in the 21st Century,” Sadove repeatedly demonstrated how product and service continue to be the bedrock of Saks 87 years after it was founded. “We are a $3.5 billion retailer, which sounds big but it’s really not in the world of retail. Macy’s is a $30 billion retailer. Within luxury, we are a big player but within totality of retail, we are not,” he said.
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?"