saks fifth avenue

Report: New Stakeholder Jana Partners Pushes Macy’s to Split Off Ecommerce Business

Activist investor Jana Partners has taken an undisclosed stake in Macy’s and is prodding the department store chain to separate its ecommerce…

Saks.com Completes $465 Million in New Financing

Saks.com has secured a new round of financing to back its growth strategy as it aims to take advantage of the continuing…

HBC Splits Saks Fifth Avenue Into Separate Ecommerce and Brick-and-Mortar Businesses

HBC will spin off Saks Fifth Avenue’s ecommerce business as a standalone entity that will be called Saks. Growth capital investor Insight…

Barneys is Back, via Saks Fifth Avenue, in New York and Connecticut

Iconic luxury retailer Barneys New York has been brought back to life inside Saks Fifth Avenue’s New York City flagship via a…

Hudson’s Bay Shareholders Approve Privatization Plan

More than 98% of Hudson’s Bay Company (HBC) shareholders voted to take the department store retailer private for a price of $11…

HBC To Shutter Home Outfitters Chain, Up To 20 Saks OFF 5TH Stores

Hudson Bay’s Company (HBC) will close its Home Outfitters business in Canada in 2019, and may shutter up to 20 Saks OFF…

Saks Fifth Avenue Targets Facebook Shoppers With Holiday Gift Guide Chatbot

For the second year in a row, Saks Fifth Avenue launched a Holiday Gift Guide chatbot on Facebook Messenger. The Saks team…

Saks Fifth Avenue, Lord & Taylor Confirm Data Breach Affecting Up To 5 Million Shoppers

On April 1, HBC confirmed a report that hackers had breached payment systems in its Saks Fifth Avenue, Saks Off 5th and…

Hudson’s Bay Picks CVS Exec As New CEO

HBC, parent company of iconic retail brands including Hudson’s Bay, Lord & Taylor and Saks Fifth Avenue, has appointed CVS executive Helena…

Luxury Fashion Brand Makes E-Commerce Debut

Although e-Commerce sales of personal luxury goods have been growing steadily, the category still has low online penetration: only 8% of luxury…

Hudson’s Bay CEO Announces Sudden Departure

Hudson’s Bay, parent company of retailers Saks Fifth Avenue and Lord & Taylor, is on the hunt for a new CEO. Jerry…

A&F Promotes Merchandising Chief To CEO

Abercrombie & Fitch (A&F) is filling out its C-suite with internal talent, promoting President and Chief Merchandising Officer Fran Horowitz to the…

Holiday 2021: Shoppers Plan to Spend More Overall but are Still Seeking Value

Everything You Need to Know About Adding a Premium Tier to Your Existing Loyalty Program

The Next Stage of Retail’s Digital Transformation: Omnichannel Experiences and More Agile Supply Chains

70% of Americans Use Chatbots Often When Shopping Online

Five Signs it’s Time to Start Using Fraud Software

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