LAS VEGAS — Stephen I. Sadove, chairman and chief executive officer of Saks Inc., is cautioning against “overexuberance” as consumer demand and the economy appear to strengthen.
“Make sure you don’t forget the lessons of the recession and get into an overexuberance too quickly.…The single biggest determinant of the business is the stock market and how people feel about their net worth,” Sadove said during a panel discussion at American Express Publishing’s two-day Luxury Summit here. “If this Dow was to go back to 7,000, I think we’d have some real issues....Right now, I feel a sense of optimism…but it’s fragile.”
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?"