Saks Incorporated

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Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 

Authentic Brands Group completes Barneys New York acquisition Beth Wright | 4 Nov 19

Authentic Brands Group (ABG) – owner of labels including Volcom, Camuto Group, Juicy Couture, Aeropostale and Nautica – has completed its purchase of the intellectual property of Barneys New York.

Hudson's Bay widens Q2 net loss amid sales slump Beth Wright | 13 Sep 19

Hudson's Bay Company CEO Helena Foulkes says the Canadian retail group is "still in the early stages of what HBC can become" after reporting weak sales and a drop in gross margins during the second quarter.

Hudson's Bay optimistic despite fourth-quarter sales slip Beth Wright | 4 Apr 19

Shares in Hudson's Bay Company (HBC) remained up by almost 6% this afternoon (4 April) as CEO Helena Foulkes hailed the Canadian retailer as "far stronger" than it was a year ago despite a drop in fourth-quarter sales.

US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 

Aditya Birla to launch Saks Fifth Avenue in India? Beth Wright | 21 Feb 17

Indian conglomerate Aditya Birla is keeping tight lipped on reports it has partnered with Canadian retailer Hudson's Bay Company (HBC) to launch the Saks Fifth Avenue banner in India.

Coach taps new CFO following Nielson departure Beth Wright | 4 Jan 17

Luxury accessories firm Coach Inc has named Kevin Wills as its chief financial officer, following the departure of Jane Hamilton Nielsen in August of last year.

Saks Fifth Avenue steps into Canadian market Michelle Russell | 18 Feb 16

US luxury retailer Saks Fifth Avenue is set to open its first stores in Canada later this month, including the launch of what it says is a major new customer service initiative.

Hudson's Bay to acquire Gilt in $250m deal Katie Smith | 8 Jan 16

Hudson's Bay Company (HBC), owner of US-based luxury retailer Saks, is to acquire online shopping website Gilt Groupe Holdings in a deal worth US$250m. 

Athletic players "well positioned" amid disruption Katie Smith | 25 Sep 15

Deflationary pressures, the rise of Amazon and the expansion of off-price and fast fashion chains all have the potential to disrupt traditional US apparel retailers - but it is the athletic players that are “well positioned” to come out on top, analysts suggest.

Hudson's Bay triples Q4 profit Katie Smith | 7 Apr 15

Canadian department store operator Hudson's Bay more than tripled its fourth-quarter net profit, driven by a surge in digital sales and further progress with the integration of luxury retailer Saks.

J Crew's Haselden a "solid fit" as Lululemon CFO Michelle Russell | 8 Jan 15

The appointment of J Crew executive Stuart Haselden as CFO for Canadian yoga wear brand Lululemon Athletica is a solid fit, analysts believe.

Hudson's Bay appoints Storch to CEO role Michelle Russell | 18 Dec 14

Canadian department store operator Hudson's Bay Company has appointed retail veteran Gerald Storch as chief executive.

Kellwood taps Silverstein as Parker president Katie Smith | 10 Dec 14

Apparel manufacturer Kellwood Holding has tapped industry veteran Suzanne Silverstein to strengthen and support the growth of its upscale women's clothing brand Parker.

Hudson's Bay narrows Q3 losses Michelle Russell | 9 Dec 14

Canadian department store operator Hudson's Bay Company has narrowed its net loss in the third quarter and reaffirmed its guidance for the full year.

Canada Goose targets US with New York office Katie Smith | 3 Dec 14

Outdoor luxury apparel company Canada Goose has opened a sales office in New York as it gears up to meet surging demand for its products in the US.

Hudson's Bay outlines refinancing for Saks store Michelle Russell | 25 Nov 14

Canadian department store operator Hudson's Bay Company has outlined a US$1.25bn refinancing plan that will allow it to improve and renovate its Saks flagship store.

Prada buys France's Tannerie Mégisserie Hervy Michelle Russell | 8 Oct 14

Italian fashion house Prada has acquired Tannerie Mégisserie Hervy, an historical French leather tannery located in Isle, near Limoges.

WRC 2014: 10 'disruptors' of concern for global retailers Michelle Russell | 2 Oct 14

Disruption was the central theme at this year's World Retail Congress in Paris, covering everything from the innovation of new businesses to the latest generation of millennial shoppers. Indeed, it's an issue of key concern for global retailers, as Steve Sadove, chairman of the National Retail Federation and former Saks CEO, explains.

US: DL1961 Premium Denim launches odour-control jeans Leonie Barrie | 25 Sep 14

Performance jeans brand DL1961 Premium Denim is to treat its entire autumn men's collection with an antimicrobial to provide long-lasting odour control and freshness.

CANADA: Hudson's Bay narrows Q2 loss on sales surge Katie Smith | 12 Sep 14

Canadian department store operator Hudson's Bay Company has more than halved its losses during the second quarter, thanks to a near-doubling of sales.

CANADA: Hudson's Bay swings to Q1 profit Michelle Russell | 3 Jun 14

Canadian department store operator Hudson's Bay Company swung to a profit in its first-quarter after its acquisition of Saks last year more than doubled retail sales.

CANADA: Higher costs hit Hudson's Bay Q4 performance Katie Smith | 4 Apr 14

Higher costs related to its CAD2.9bn (US$2.63bn) acquisition of luxury retailer Saks resulted in a 67% decline in fourth-quarter profit for Canadian department store operator Hudson's Bay Company.

US: Ralph Lauren Retail Group COO Meichner to leave Katie Smith | 7 Mar 14

Wayne Meichner, president and COO of Ralph Lauren Retail Group, is to leave the business after 12 years.

US: Burgess to lead Hudson's Bay digital division Katie Smith | 30 Jan 14

Canadian department store retailer Hudson's Bay Company has created a new digital division, which will be led by Michael Burgess.

CANADA: Hudson's Bay signs deal for Saks debut Katie Smith | 28 Jan 14

Department store retailer Hudson's Bay Company is to open its first two Saks stores in Canada, as part of a sale and leaseback deal with Cadillac Fairview.

CANADA: Hudson's Bay CFO takes leave of absence Katie Smith | 24 Jan 14

Hudson's Bay Company CFO Michael Culhane has taken a leave of absence, with COO Donald Watros assuming the additional role of acting CFO with immediate effect.

US: Saks general merchandise head Boitano to step down Michelle Russell | 20 Jan 14

US-based luxury retailer Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.

CANADA: Hudson's Bay promotes Greller to head up outlets Michelle Russell | 9 Jan 14

Canadian department store operator Hudson's Bay Company has appointed Jonathan Greller to head up its outlet stores.

CANADA: Hudson's Bay promotes Watros to president role Michelle Russell | 17 Dec 13

Canadian department store operator Hudson's Bay Company has promoted its COO, Donald Watros, to the newly-expanded role of president.





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