Saks Fifth Avenue is close to finalizing a $200 million to $250 million renovation program for the Manhattan flagship as it strives to catch up to the competition.
According to sources, Saks will transform the main level to a bigger and more powerful cosmetics presentation, extending the category further east through the bulk of the floor. Saks’ cosmetics floor is already among the most popular and productive in the city, with sources saying only the Macy’s and Bloomingdale’s flagships with larger cosmetic floors generate more volume. Macy’s and Bloomingdale’s have completed dramatic overhauls of their own beauty floors, with Macy’s finished last fall and Bloomingdale’s a few years ago.
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)