Saks’ Chargeback Crisis: Internal Probe Widens As CEO Makes Amends

No cover image


Saks Inc. digs deeper into markdown overcharges at SFAE while vendors are promised paybacks.

From This Issue

Saks Fifth Avenue’s Fred Wilson.


Saks’ Chargeback Crisis: Internal Probe Widens As CEO Makes Amends

Saks Inc. digs deeper into markdown overcharges at SFAE while vendors are promised paybacks.

clock June 6, 2005David Moin and Sharon Edelson

Jessica Simpson


Wal-Mart Cites Challenges at Meeting

Wal-Mart’s customarily festive annual shareholders’ meeting was tempered by struggles with the company’s reputation, sales and stock price.

clock June 6, 2005Katherine Bowers

Fashion Features

Coming This Week

Monday: New York Resort Market (through June 17).

Quiksilver reports second-quarter sales and earnings.

Tuesday: Luxe Pack New York (through Wednesday).

Wednesday: Sourcing…

clock June 6, 2005WWD Staff

Fashion Features

In Brief: Ralph’s Harlem Honor

RALPH’S HARLEM HONOR: The Abyssinian Development Corp. chose Ralph Lauren as one of its Renaissance Honorees this year. Lauren is being recognized for his efforts to help the revitalization of New York’s Harlem…

clock June 6, 2005WWD Staff

Jay-Z and Damon Dash in happier times.


Dissed Dash Lashes Out About Ads

NEW YORK — After almost a year of speculation about the fate of Rocawear, founding partner Damon Dash, not co-founder Jay-Z, appears to be on the outside looking in.

Rocawear’s fall advertising campaign features Jay-Z rather than…

clock June 6, 2005Lauren DeCarlo


Valextra Signs Deal To Market in Japan

MILAN — Italian luxury goods firm Valextra has signed a contract with Sazaby Inc. to exclusively distribute its products in Japan.

The first step will be a 3,240-square-foot store featuring Valextra’s entire product range for women…

clock June 6, 2005Alessandra Ilari


Congress Prepares for CAFTA Battle

WASHINGTON — Congress returns from a Memorial Day recess today to begin weighing in on the Central American Free Trade Agreement, possibly among the most dramatic and definitive trade votes in more than a decade.

The debate over the…

clock June 6, 2005Kristi Ellis

Susan Sokol and Francisco Costa

Fashion Features

Fashion Scoops: Tonight’s the Night … Sao Paulo Superpower … For Art’s Sake …

TONIGHT’S THE NIGHT: Talk about last-minute changes. Rachel Weisz broke her knee and won’t be able to join Coach at the 2005 CFDA Fashion Awards tonight. Mandy Moore, who stars in…

clock June 6, 2005WWD Staff

Karl Lagerfeld and Helena Christensen


Pub Crawl

It seemed that almost everyone at the Young Landmarks Celebration party on the Lever House Terrace was flying off to another fete directly after.

clock June 6, 2005WWD Staff


Chic of the Week: Jennifer Connelly

In his fall 2005 collection, Alexander McQueen opened with an homage to the iconic Hitchcock blonde, complete with Tippi Hedren-worthy hair and wasp-waist pencil skirts. But it was a sizzling, raven-maned Jennifer…

clock June 6, 2005WWD Staff

Debi Mazar in Isabel Toledo.


One Woman Show

NEW YORK — Debi Mazar has style to spare. Literally. For the second season of her hit HBO series, “Entourage,” in which she plays brassy, no-nonsense Los Angeles publicist Shauna, the actress pulled 90 percent of her…

clock June 6, 2005Evelyn Crowley

Tilda Swinton in “The Absent Presence.”


The Body Artist

LONDON — DNA testing may solve a lot of human puzzles, but for Hussein Chalayan, it also raises a lot of questions.

The cerebral designer and filmmaker will represent his native Turkey this year at the 51st Venice Biennial with a short…

clock June 6, 2005Samantha Conti

Karl Lagerfeld takes his bow at the Lagerfeld Gallery fashion show in Paris in March.

Fashion Features

Karl: I’ll Take Manhattan

Karl Lagerfeld’s dream of designing collections in three international cities is about to become reality with the launch of a signature lifestyle collection.

clock June 6, 2005Lisa Lockwood

Susanna Galanis Turn Vintage bangle bracelet.

Fashion Features

A Classical Education

Susanna Galanis creates jewelry of bronze, copper and semiprecious stones influenced by the Greco-Roman and medieval eras.

clock June 6, 2005Sophia Chabbott

An image from Kwiat’s new campaign.

Fashion Features

Findings: The Feminine Touch … Moving Up … Pretty Baby …

THE FEMININE TOUCH: Diamond jewelry company Kwiat tapped fashion photographer Pamela Hanson, bouncing Patrick Demarchelier, to shoot its new advertising campaigns for its Signature, Bridal and Anniversary collections.


clock June 6, 2005WWD Staff

The Luxe concept is rendered on a trend board.

Fashion Features

Invista’s New Take on Trend Workshops

NEW YORK — Invista Inc. teamed with Concepts New York to present a series of trend workshops for Invista’s customers.

The three-week workshop at Invista’s 1430 Broadway offices here was customized to serve retail and…

clock June 6, 2005Karyn Monget

The new Axcelerate by Speedo sports bras hits stores Dec. 25.

Fashion Features

Intimate Notes: Axcelerate’s Growth

AXCELERATE’S GROWTH: Axcelerate sports bras by Speedo at The Warnaco Group is broadening its assortment in time to take advantage of New Year’s resolutions to hit the gym.

First deliveries are set for late December,…

clock June 6, 2005WWD Staff


France’s Eurovet Launches Shanghai, Mode Lingerie

NEW YORK — Shanghai is the next stop for Eurovet, the trade show organizer of the Salon International de la Lingerie in Paris, and the Lyon, Mode City fair in Lyon, France.

Eurovet general director Jehan Quettier said its inaugural…

clock June 6, 2005Karyn Monget

WWD Image


Luxe Accessories Flourish at Ferragamo

Ferragamo appears to be reaping the benefits of focusing on accessories, as consolidated sales for 2004 rose 5 percent to $675.7 million.

clock June 6, 2005Alessandra Ilari

WWD Image


Memo Pad: Ecko Chamber

ECKO CHAMBER: Complex, the men’s style magazine founded by Marc Ecko, has opted for an internal candidate to replace departed editor in chief Jimmy Jellinek. Deputy editor Richard…

clock June 6, 2005Jeff Bercovici

Fashion Features

Trotter Exits Gap Post

NEW YORK — Louise Trotter, vice president of product design and development for women’s merchandise at Gap brand, left the company last Friday.

Gap said it is conducting a search for a successor and that candidates from inside and…

clock June 6, 2005David Moin


WWD Stock Index Stays On Track

NEW YORK — A sluggish monthly jobs report from the government failed to hamper retail stock performance during the shortened holiday week, thanks to what was seen as a batch of better-than-expected monthly same-store sales reports on…

clock June 6, 2005Meredith Derby

Rendering of Epicenter layout.


Epicenter Fills Anchor Void

LAS VEGAS — Consumers soon will be able to browse a wide selection of their favorite catalogue and Internet brands in person without leaving the mall.

Epicenter Holdings Inc., an affiliate of Gordon Group Holdings LLC, recently revealed a…

clock June 6, 2005Meredith Derby

Fashion Features

Housing: When, If Ever, Will the Fever Cool?

NEW YORK — News that sales of newly built housing are still soaring to their highest levels  ever was only one indication that the real estate market, sizzling hot for a long time, shows no real sign of cooling, let alone…

clock June 6, 2005Nathan Weber

Azzedine Alaïa and Carla Sozzani

Fashion Features

Fashion Students’ Class Act

SAN FRANCISCO — A new holiday was created here when San Francisco Mayor Gavin Newsom declared May 25 Azzedine Alaïa and Carla Sozzani Day.

The reason for such an honor? The fashion veterans, along with executives from Macy’s…

clock June 6, 2005Diane Dorrans Saeks


Textile Jobs See Rise in May But Fall on Year-to-Year Basis

WASHINGTON — U.S. textile producers managed a rare rise in employment last month, adding 700 jobs, though overall industry payrolls fell by 14,700 from a year ago to 405,200.

The Labor Department’s report on May employment, released…

clock June 6, 2005Evan Clark

Bulgari’s Omnia Crystalline.

Beauty Features

Beauty Beat: Bulgari to Crystallize Its Omnia Collection … Panel Weighs Global Issues

Bulgari to Crystallize Its Omnia Collection

NEW YORK — Next month, Bulgari will look into its crystal ball and hope for a winner with the launch of Omnia Crystalline.

The woody, floral fragrance — inspired by…

clock June 6, 2005WWD Staff


Today's Must Read

BERLIN, GERMANY - APRIL 09: Kwes Darko, Skepta, Slowthai and Alex Sossah arrive at Bottega Veneta Salon 02 Berlin at the Berghain on April 09, 2021 in Berlin, Germany. (Photo by Getty Images/Getty Images for Client)


Bottega Veneta’s Berlin Show, Party Receive Backlash on Social Media

clock 23hMartino Carrera

Social Studies

WWD logo Global Stock Index

Business Page right arrow