Saks Plans Strategic Shifts to Adapt

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Overview

Saks Fifth Avenue is in the throes of more strategic shifts, involving price and product changes and expense slashing.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Financial

Burberry Posts Loss for Full Year

Discounted sales, restructuring charges ate into profits.

clock May 19, 2009Samantha Conti

Financial

M&S Net Slumps 38.2 Percent

Retailer says outlook is “cautious” after full-year sales inch up 0.4 percent.

clock May 19, 2009Nina Jones

Steve Sadove

Business Features

Saks Plans Strategic Shifts to Adapt

Saks Fifth Avenue plans more cost cuts, better pricing while reporting $5.1 million loss in the first quarter ended May 2.

clock May 19, 2009David Moin

Retail

Ann Watson Out at Bendel’s

Henri Bendel’s fashion director has left her post after three years with the retailer.

clock May 19, 2009Julee Kaplan

Christian Audigier received the Duftstar Marketing prize.

Fragrance

Fragrance Awards Held in Paris, Berlin

The Fragrance Foundation’s French and German affiliates held their respective fragrance awards ceremonies in Paris and Berlin last week.

clock May 20, 2009Jennifer Weil and Susan Stone

Human Resources

Beiersdorf Names Executive Board Member for Asia

Beiersdorf, which owns the Nivea, Eucerin and La Prairie brands, said it is adding a new board member for Asia in an attempt to push regional business there.

clock May 20, 2009Susan Stone

Designer and Luxury

In Brief: Promotions at J. Mendel

J.Mendel has promoted Susan Romano, Suzanne Zikas and Jessica Nagel to vice president roles from director ones.

clock May 20, 2009WWD Staff

Di Mauro’s suede sandals with “Alliés” flags, 1944.

Fashion Features

World War II Fashions on Display in Paris

Paris museums exhibit war designs.

clock May 20, 2009Elena Berton

Marios Schwab

Designer and Luxury

Halston Taps Marios Schwab as Creative Director

After much speculation, Halston has tapped London-based designer Marios Schwab as its new creative director, effective July 1.

clock May 20, 2009Marc Karimzadeh

Mark and James Holiday 2010

Designer and Luxury

Mark & James 2009 Collection: Young Crowd

For holiday, Mark Badgley and James Mischka “wanted to offer fun and flirty, yet sophisticated dresses [for] younger girls,” explained Mischka.

clock May 20, 2009WWD Staff

André Leon Talley and Isabel and Ruben Toledo.

Designer and Luxury

Savannah College of Design Fetes Isabel and Ruben Toledo

Isabel Toledo and Ruben Toledo receive the André Leon Talley Lifetime Achievement Award.

clock May 20, 2009Elizabeth Thurman

Gap models

Marketing and Promotion

Gap, CFDA Finalists Team Up on Khaki Campaign

Gap is going back to beige this summer with a special collection and ad campaign devoted to khaki.

clock May 20, 2009Jessica Iredale

The original Bulgari store in Rome.

Designer and Luxury

Bulgari Marks 125th With Exhibit in Rome

“For me, calling at Bulgari’s shop is like visiting the best exhibition of contemporary art.”

clock May 20, 2009Alessandra Ilari

Financial

Gap Plots International Expansion, E-Commerce Push

Shoring up sliding North American sales, driving e-commerce and expanding in international markets are key goals for Gap Inc.

clock May 20, 2009Anne Riley-Katz

Financial

PVH Net Falls in Q1

Stronger dollar, cautious customers hurt results.

clock May 20, 2009Vicki M. Young

Denim

Guess Principals See Pay Divergence

At Guess, Maurice Marciano’s pay is up while Paul Marciano’s shrinks slightly.

clock May 20, 2009Alexandra Steigrad

Business Features

TJX Profits Rise

TJX’s customer traffic, sales and comps all increase in the quarter.

clock May 20, 2009Evan Clark

Forever 21 shirts are top row, and Trovata shirts are bottom row.

Legal

Forever 21 Co-founder Testifies in Trial

Forever 21 Inc. co-founder Jin Sook Chang said she was not even aware of the Trovata brand until after the lawsuit was filed.

clock May 20, 2009Rachel Brown

Retail

Suspect Arrested in Fatal Beverly Center Shooting

Atlanta rapper Dolla, whose real name is Roderick Anthony Burton 2nd, was slain in valet parking area of the Beverly Center.

clock May 20, 2009Anne Riley-Katz

Annie Leibovitz at FIT’s commencement.

Media

Leibovitz Urges FIT Grads to Take Chances

Annie Leibovitz commandeered center stage at the Fashion Institute of Technology’s commencement.

clock May 20, 2009Rosemary Feitelberg

Handbags

Coach Launching Anticounterfeit Initiative

Coach is taking its most aggressive stance ever against counterfeiting.

clock May 20, 2009Sophia Chabbott

The exhibit of Gordon Parks’ works.

Media

Memo Pad: The Parks Portfolio… Income Levels Up… Bonjour Grazia…

Roberto Rossellini and Ingrid Bergman were wary of being photographed by Gordon Parks.

clock May 20, 2009WWD Staff

G-Star wares on display.

Denim

G-Star Launching Amsterdam Flagship

Denim maker to open first company-owned unit.

clock May 20, 2009David Lipke

Textiles

Emerisque Said Again in Pursuit of Hartmarx

Sources told WWD Emerisque late Monday submitted an updated bid for Hartmarx, one that provides a return to creditors of 90 cents on the dollar.

clock May 20, 2009Vicki M. Young

A lamb coat with a fitch collar and lace.

Fashion Trends

2009 Fur Trend: Plain and Fancy

Zac Posen clearly had loads of fun designing furs for Pologeorgis. And his quirky approach to this season created a collection of items.

clock May 20, 2009WWD Staff

Designer and Luxury

Ilardo Joins Oscar de la Renta

Raffaele Ilardo has joined Oscar de la Renta Ltd. as ateliers director and creative adviser to Oscar de la Renta.

clock May 20, 2009Rosemary Feitelberg

Fashion Scoops

Palin Cleared… Cannes’ Dark Knights… Opposites Attract…

Alaska Gov. Sarah Palin has been exonerated by the Federal Election Commission.

clock May 20, 2009WWD Staff

People

A Painful Saga at the Astor Family Trial

Brooke Astor’s grandsons testified against their father, Anthony Marshall.

clock May 20, 2009Elisa Lipsky-Karasz

Retail

Nordstrom Eyes Manhattan Rack Unit

Nordstrom is looking at Union Square location for its first Manhattan store.

clock May 20, 2009Joanna Ramey and Sharon Edelson

Retail

Hugo Boss Taps Corin as VP of Merchandising

Matthew Corin has joined Hugo Boss as vice president of merchandising for the Americas.

clock May 20, 2009WWD Staff

Retail

Hampshire Groups First Quarter Losses

Hampshire Group Ltd. said a weak retail market and bankruptcies among its retail customers caused lagging sales as its first-quarter losses more than doubled.

clock May 20, 2009Matthew Lynch

Financial

Daily Stock Wrap: May 19, 2009

The day’s top gainers and losers.

clock May 20, 2009WWD Staff

Essentialist

Today's Must Read

Manish Chandra, Poshmark

Business

Poshmark Slumps After Big IPO Increase

clock 8hEvan Clark

Social Studies

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