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Nordstrom was the most “buzzworthy” of 10 luxury stores tracked by Zeta Interactive, which ranks retailers’ “buzz” using technology that charts the number of times a company is mentioned – and also, discussed in a positive way — on over 100 million blogs, online message boards and other...
Mr. Vollbracht, the designer who led design of the high-end line for the longest period since the late Mr. Blass sold his company in 1999, this fall launched his own eponymous label of expensive, made-to-order apparel with stratospheric pricetags. (Think $900 blouses and $14,000 evening...
High profile designer Vera Wang has decided not to stage a pricey runway show in February in what could be the start of an exodus of American designers from the official New York fashion week venue. Earlier this week, designers Betsey Johnson and Carmen Marc Valvo similarly decided not to s...
By Bhattiprolu MurtiMexican telecommunications mogul Carlos Slim Helu recently bought $23.1 million of Saks Inc. shares, as the New York luxury retailer's stock traded near its lows for the year.Mr. Slim, through his family-owned Inmobiliaria Carso, reported buying more than 7.5 millio...
By Jennifer SaranowIn a few weeks, Steven Swain will make his annual pilgrimage to New York from Rocky Mount, Va., to visit the Christmas tree in Rockefeller Center and see the holiday window displays at Macy's, Saks Fifth Avenue and Barneys New York.He's also planning to bring back some pr...
By Rachel DodesSaks Inc.'s flagship New York store looks out on the glitzy shopping mecca of Fifth Avenue. But it's the mess down on Wall Street that's stuck in the minds of its customers.Consumers are "in frozen mode, shell shocked," Saks Chief Executive Stephen Sadove said in a conference...
Saks, which operates 53 Saks Fifth Avenue stores and 49 outlet stores, reported weak fiscal third-quarter results eary Tuesday, which the luxury department store's CEO called well below our initial expectations. What happened?
By Rachel Dodes and Christina PassarielloFor the first time in recent memory, luxury-goods makers are cutting prices on designer apparel, shoes and handbags in the U.S. market.With even the biggest spenders starting to scrimp, luxury companies from Chanel S.A. to Versace SpA, Christian L...
By Cheryl Lu-Lien TanEighteen years ago, designer Christian Francis Roth was on top of the fashion world. At age 21, he had won over critics and retailers like Neiman Marcus and Saks Fifth Avenue with his inventive pieces, such as a suit featuring a fried-egg motif and dresses with sleeves...
By Christina Passariello, Ray A. Smith and Rachel DodesParis's Rue du Faubourg Saint-Honor is getting some sole later this month with a new, high-profile boutique by Christian Louboutin.Although the red-bottomed Louboutin shoes have developed a cult following in recent years, the Fr...