It’s not a done deal yet but an eager Richard Baker has been touring Saks Fifth Avenue locations, eyeing potential closings as well as capital improvements, and locations that could be converted to Lord & Taylor units.
There is clearly work to do. On Monday, Saks Inc. reported second-quarter numbers that were weak, sparking speculation among vendors and analysts about what Baker, the chairman and chief executive officer of Hudson’s Bay Co., could do to improve Saks and its anemic profitability. It’s a business which, like Neiman Marcus, is widely viewed as having limited growth potential, but the cachet endures and Baker has an adventurous streak that could take the brand in new directions.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"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)