NEW YORK — Saks Fifth Avenue has launched a corporate gift program, which it projects could ultimately become a $50 million business.
The new strategy reflects efforts by Saks in the past few seasons to become more of a destination for gifts. Corporate gifts is a relatively untapped market, underserved in the luxury sector, though Tiffany’s does it on a significant level. The corporate gift-giving industry is estimated at $4.8 billion annually.
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)