Cutting Back at Saks: Economy Forces Retailer To Trim 9 Percent of Staff

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Faced with steep declines and affluent consumers losing wealth in a deteriorating economy, Saks Inc. pulled the trigger on a sweeping round of cutbacks on Thursday.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Tierney Gearon, Untitled

Fashion Scoops

London Art Bunch Ogles Gearon Photos

Photographer Tierney Gearon, unveiled her first solo show on Wednesday night in London at Phillips de Pury & Company.

clock January 15, 2009WWD Staff

Amy Adams in Giambattista Valli.


A Night at the National Board of Review Awards

Bulgari sponsors annual National Board of Review Awards in New York.

clock January 15, 2009WWD Staff

Business Features

Restructuring at Reebok

Adidas subsidiary trims 310 positions.

clock January 15, 2009Rosemary Feitelberg and Natasha Montrose

Trammell Crow

Human Resources

Developer Trammell Crow Dies at 94

Built Dallas Market Center, Atlanta’s Peachtree Center.

clock January 15, 2009Holly Haber


Carrefour Sales Rise

Carrefour sales sees 5.7 percent increase.

clock January 15, 2009Robert Murphy

Saks Fifth Avenue

Business Features

Saks Lays Off 9% of Workforce

Faced with steep declines and affluent consumers losing wealth, Saks Inc. said it would eliminate 1,100 positions.

clock January 15, 2009David Moin

Domenico Dolce and Stefano Gabbana's first color cosmetics collection, due in February.

Color Cosmetics

Dolce & Gabbana Launch First Color Line

Dolce & Gabbana will make its long-awaited entry into color cosmetics early next month.

clock January 16, 2009Stephanie Epiro

The new scent.


A Pearl Fragrance for Apothia’s 30th Anniversary

Retailer Ron Robinson, who has catapulted brands to prominence, is marking 30 years in business by adding a fragrance to his Apothia product lineup.

clock January 16, 2009Rachel Brown

Ted Gibson


Celebrity Hairstylist Ted Gibson Signs Target Deal

The celebrity hairstylist Ted Gibson will be expanding eight items from his namesake line into Target this weekend.

clock January 16, 2009Andrea Nagel

The Aveeno Nourish line.


Aveeno Expands Into Hair Care Category

Johnson & Johnson has decided it’s high time for its star natural skin care brand, Aveeno, to explore new territory.

clock January 16, 2009Andrea Nagel

Pericles Stamatiades and Jill Scalamandre

Beauty Features

J&J Exec Talks About Growing Beauty Unit at CEW Event

Pericles Stamatiades, stresses that Beauty Care is a fast-growing category in the company’s consumer division.

clock January 16, 2009Andrea Nagel

Del’s Sally Hansen Nail Art Pens.

Color Cosmetics

Del Gives Nail Pens a Touch of Art

Any concerns that Del Cosmetics’ innovations would be limited under Coty’s management have been squashed by the bevy of new items recently unleashed.

clock January 16, 2009Faye Brookman

A look inside Tommy Guns New York.


Tommy Guns Salon Brings London Style to N.Y.

British salon Tommy Guns, has opened a space on Ludlow Street on Manhattan’s rapidly gentrifying Lower East Side, marking the firm’s first entry into the U.S.

clock January 16, 2009Matthew W. Evans


Cosmoprof Shanghai Now Set for September

A revamped version of the Cosmoprof Shanghai 2009 trade show will be held in September.

clock January 16, 2009Matthew W. Evans

Bluemercury’s Dupont store.

Beauty Features

Red, White and Perfect: D.C. Preps for Inauguration

Cameras will be rolling. So a host of Washington’s top apothecaries, salons and spas are preparing to beautify inauguration gala goers and politicos.

clock January 16, 2009Molly Prior

Hussein Chalayan's table dress.

Designer and Luxury

Chalayan Exhibit to Open in London

Tracing the designer’s careeer.

clock January 16, 2009Samantha Conti and Nina Jones


U.S.-Made Apparel Prices Buck Deflationary Trend

Overall PPI off 1.9 percent in December.

clock January 16, 2009Liza Casabona

Government and Trade

House Democrats Unveil Economic Recovery Package

Massive economic recovery package aims to create millions of jobs and cut taxes.

clock January 16, 2009Kristi Ellis and Evan Clark

Ben Taylor and Alexandra Richards in the Lucky Brand campaign.


Lucky Brand Chooses Rock, Scissors Paper… Hearst Taps Edwards…

Alexandra Richards and Ben Taylor are the new faces of Lucky Brand jeans, but denim maker has eliminated its magazine ad budget this season.

clock January 16, 2009WWD Staff

Fashion Features

Roger Markfield Returns to AEO

American Eagle Outfitters has named Roger Markfield to the newly created position of vice chairman and executive creative director.

clock January 16, 2009Sharon Edelson and Arnold J. Karr

Best of Skintentions

Skin Care

Bliss Adds Cost-Conscious Cream

This March, Bliss will release a new moisturizer, with a recession-friendly price tag, called Best of Skintentions.

clock January 16, 2009Julie Naughton

Patricia Turck Paquelier

Human Resources

Obituary: Patricia Turck Paquelier, L’Oréal Exec, 51

Patricia Turck Paquelier, who married the dynamics of high fashion with luxury beauty as a top executive at industry leader L’Oréal, died Wednesday night.

clock January 16, 2009Pete Born and Brid Costello and Miles Socha and Alessandra Ilari

Fashion Scoops

Party On for Armani… Pilati Casts Pitt… Earnest Sewn’s Art Supplies…

Whether it’s the impact of the economy or another reason, there will be far fewer parties during New York Fashion Week next month.

clock January 16, 2009WWD Staff

Robert Mettler


Macy’s Robert Mettler Set to Retire

Veteran department store executive Robert Mettler will step down this month.

clock January 16, 2009David Moin

Horseferry House

Business Features

Burberry Opens New Headquarters

Burberry has a new home for the first time in more than 100 years, a high-tech tower of oak and marble just a few steps from the Thames River.

clock January 16, 2009Samantha Conti

Designer and Luxury

Cavalli Said to Have Found Investor

Designer reportedly close to deal with Clessidra.

clock January 16, 2009Andrew Roberts


Today's Must Read

“The Future Streets” installation in the Meatpacking District.


New York City Stores to Get More Outdoor Space to Welcome Shoppers

clock 3hRosemary Feitelberg

Social Studies

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