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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Saks

Saks stories: 10 news summaries

 We Love Justin, Not His Jeans 

For celeb designers like Timberlake, recession means hard times for fashion lines

Sep 16, 09 12:53 PM CDT
(Newser) - The latest casualty of the economic crisis: celebrity clothing lines. “Every D-level celebrity who thought they could make a quick buck by designing a handbag or whatever is going to disappear,” Vogue editor Anna Wintour tells the Wall Street Journal. “And I think that's a... More »

MORE ABOUT:
entertainment • fashion • celebrity • Vogue • Nicky Hilton • Justin Timberlake • Jennifer Lopez • fashion designer • Anna Wintour • fashion label • Saks • fashion industry • Lauren Conrad • Jay-ZTV

 Lousy Retail Sales Will Delay Recovery

Recession isn't over
as far as consumers
are concerned

Aug 19, 09 8:38 AM CDT
(Newser) - If the recession is indeed waning, nobody told consumers. Retailers of every kind reported lousy sales for the quarter ended Aug. 1, the Wall Street Journal reports. Target’s same-store sales fell 6.2%, Home Depot’s dropped 9.1% and Saks’ plummeted a whopping 15.5%. And with... More »

MORE ABOUT:
retail • recession • consumer spending • Home Depot • retail sales • Target • retail stores • economy • Saks • financial crisis • recession depression • retail sector

MARKETS

 Retail Gains Drive Dow Up 83 

Signs of life from the consumer help stocks rebound

Aug 18, 09 3:15 PM CDT
(Newser) - Positive retail reports helped get stocks back on track today after recent declines, the Wall Street Journal reports. Home Depot, Target, and Saks saw smaller-than-expected declines in quarterly profit, while discount chain TJX reported a 31% gain. The Dow rose 82.60 to close at 9,217.94. The Nasdaq... More »

MORE ABOUT:
Dow Jones • Nasdaq • Home Depot • TJX • retail sales • Target • S&P 500 • Saks

 'Haute Pink' Is the New Black 

Bright colors spell optimism in troubled times

May 28, 09 11:15 AM CDT
(Newser) - As economic woes plague the country, fashionistas are turning to bright, cheery colors—most notably hot pink, the Wall Street Journal reports. Even in New York, those who once wore only black are buying fuchsia ties and designing magenta kitchens. With men who might balk at the traditionally feminine hue,... More »

MORE ABOUT:
fashion • recession • pink • fashion designer • Saks • trend • Harper's Bazaar • Jay-ZTV

analysis

 Designers Fight 
 Store Discounts 

Sales scare away brand loyalists, they say

Apr 16, 09 9:33 AM CDT
(Newser) - Department-store sales may woo bargain shoppers, but they turn off the high-end base luxury designers cater to, Christina Binkley writes in the Wall Street Journal, and cut into those designers’ profits and brand control. Discounts last Thanksgiving set off a chain reaction that collapsed high-end retail’s pricing structure. “... More »

MORE ABOUT:
fashion • Louis Vuitton • retail sales • department stores • retail shopping • fashion designer • Saks • Eileen Fisher

Saks' Deep Price Cuts Changed All the Rules

Even high-end shoppers have gotten
a taste for bargains

Feb 9, 09 9:49 AM CST
(Newser) - When Saks Fifth Avenue slashed prices 70% in November to kickstart a stalled holiday shopping season, it changed the rules for the entire luxe market, reports the Wall Street Journal. Retailers like Neiman Marcus and Barney's followed suit, putting an end to the unwritten deal the stores had with... More »

MORE ABOUT:
retail • recession • luxury goods • Saks • Jay-ZTV

 Outlets Keep 
 Luxury Stores Afloat 

No frills, but great prices, greet customers at outlets, which are a growth sector

Sep 24, 08 5:25 PM CDT
(Newser) - In a stagnant economy, luxury retailers are opening off-price outlet stores at a faster clip, drawing in customers with sale prices they’d never see at a flagship, BusinessWeek reports. Including such names as Saks, Nordstrom and Coach, a trend is emerging: While visits and sales at boutique stores... More »

MORE ABOUT:
luxury goods • retail sales • clothing • Saks • Nordstrom • financial crisis • retail outlet • Coach

MARKETS

 Losses Continue for 2nd Day 

Stagflation stalks the Street; retailers post poor results

Aug 19, 08 3:31 PM CDT
(Newser) - Stocks fell today for a second straight session as doubts about financials persisted and economic news painted gloomy outlooks on inflation and housing, MarketWatch reports. Disappointing quarterly reports from the retail sector made a bad situation worse. The Dow fell 130.84 to 11,348.55, the Nasdaq 32.62... More »

MORE ABOUT:
retail • Dow Jones • Staples • Nasdaq • Home Depot • AIG • housing starts • S&P 500 • Saks • financial stocks • wholesale prices • financial crisis

 Retailers Expressing Gratitude 

Slow economy sparks personal greetings from retailers

Mar 19, 08 1:58 PM CDT
(Newser) - Today's slow economy has sparked more retailers to thank shoppers with bouquets and personal notes, Portfolio reports. Common for big spenders, such thank-yous are now mailed to regular shoppers too—like one reporter who bought two shirts and a jacket at Nordstrom. "Our salespeople build relationships with their customers... More »

MORE ABOUT:
consumer spending • luxury goods • retail sales • department stores • Saks

Wal-Mart Leads Feb. Retail Rally

Overall sales jump doubles expectations, calms consumer spending fears

Mar 6, 08 10:47 AM CST
(Newser) - Big retailers showed unexpected signs of life in February, beating weak sales predictions to inject some hope into the market. Wal-Mart led the way, posting a 2.6% same-store increase, beating its own predictions of flat-to-2% growth. Overall, same-store sales climbed 1.9%, with more than half of retailers beating... More »

MORE ABOUT:
retail • Costco • JCPenney • Sam's Club • Macy's • consumer spending • Home Depot • retail sales • Target • Victoria's Secret • Sears • National Retail Federation • Wal-Mart • Abercrombie & Fitch • American Eagle • BJ's Wholesale Club • Thomson Financial Same Store Sales Index • Kohl's • Saks • Gap • Banana Republic • Limited • Buckle • Pacific Sunwear • Wet Seal • Aeropostale

10 Stories


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