Plans Made for Two Toronto Saks Stores

Hudson's Bay Company

Hudson’s Bay Company will open two Saks Fifth Avenue stores in Toronto, one downtown at the flagship Hudson’s Bay store and one full-line store in Toronto’s Sherway Gardens.

Saks GMM Boitano to Step Down

Saks Fifth Avenue

Saks Fifth Avenue has confirmed its general merchandise manager, Joseph Boitano, is to step down.

Briggs Named Chief Marketing Officer at Saks

Saks Fifth Avenue

Former Harrods executive Mark Briggs will be the new chief marketing officer for Saks Fifth Avenue

The Test of Time

J Press York Street

Retailers debate the evolution of heritage as the trend hits the mainstream.

Saks Shareholders Approve Hudson’s Bay Merger

Saks Fifth Avenue

Saks shareholders approve its merger with Hudson’s Bay Company in a move that creates a leading upscale North American fashion retail business.

Hudson’s Bay Planning Saks Expansion

Hudson's Bay Company

Hudson’s Bay Company is reportedly planning to build on its acquisition of Saks by opening stores in Europe and Asia.

Saks, Woolmark Honor Dormeuil and Fratelli Tallia di Delfino

Saks Fifth Avenue Fabric No. 1 Toast

Saks Fifth Avenue and Woolmark gave their second annual Fabric No. 1 awards to Dormeuil and Fratelli Tallia di Delfino this week.

Steve Sadove and Ron Frasch Leaving Saks

Stephen Sadove

Saks Inc. CEO Steve Sadove and chief merchant Ron Frasch are leaving in the wake of the retailer’s acquisition by Hudson’s Bay Company.

Saks Q2 Losses Widen to $19.6 Million

Saks Inc

Saks has seen its losses widen in Q2, after the retailer was weighed down by higher costs and increased markdowns.

Hudson’s Bay buying Saks for $2.9 billion

Saks Fifth Avenue

Hudson’s Bay Company, the owner of Lord & Taylor and Canada’s Hudson’s Bay department store, will buy Saks Inc. for $2.9 billion ($16 per share).