Saks Launches Off Fifth E-Commerce

Saks Off Fifth

Saks Inc. has launched an e-commerce site for its off-price division, Saks Off Fifth.

Saks Inc. Plans 7 New Off Fifth Stores for 2014

Saks Off Fifth

Saks Inc. has announced plans to open seven new off-price stores in seven different states next year.

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).

Saks launches recruiting website

The Careers at Saks site features video interviews with current Saks employees, like Shawn Howell, pictured here.

Saks Inc. is using a new video-rich website to help recruit new merchandise and planning talent.

Saks Q1 profit slumps 37.8% but sales rise

Saks Inc

Saks Inc. posted a 37.8% decline in Q1 net profit after it was weighed down by store closing costs and debt-extinguishment losses.

Saks Off Fifth opening in Phoenix Premium Outlets

Saks Off Fifth

Saks Inc. is opening a Saks Off Fifth store in the Phoenix Premium Outlets in Chandler, Arizona this week.

Cruz named director of Saks Fifth Avenue flagship

John Cruz

John Cruz, general manager of Saks’ Beverly Hills store, has been named director of the NYC Saks Fifth Avenue flagship.

Saks full-year profit down on Hurricane Sandy

Saks Inc

Saks says FY results were below expectations as it was hit by macroeconomic issues and Hurricane Sandy.

Saks closing Dallas store, Belk moving in

Saks Inc

Saks Inc. will its 170,000 sq. ft. store in the Galleria in Dallas and regional department store chain Belk will take its place.

Hurricane Sandy weighs on Saks despite Q3 profit jump

Saks Inc

Saks Inc said it remains cautious in its outlook for the rest of the year as the aftermath of Hurricane Sandy takes its toll.