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Commerce

Do seven recent Saks closings foretell dip in luxury spend?

January 10, 2011

Saks has closed its seventh retail location since July

 

By Rachel Lamb

Although Saks Fifth Avenue has announced the closure of its seventh retail location since July, industry experts seem to think that it is beneficial for a luxury brand to know when to cut its losses.

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  1. Gucci uplifts GG Monogram in throwback campaign
  2. Bugatti, Lalique craft bespoke table clock
  3. LVMH averts luxury slowdown, revenues up 9pc in 2023
  4. Fendi names soccer star Karim Benzema as sneaker ambassador
  5. Luxury Group by Marriott International brings back Dining Series
  6. Regent Seven Seas showcases largest-ever luxury suite
  7. Maison Margiela takes stab at sustainable status in new content for ‘Replica’ refill debut
  8. Tag Heuer circles back as Goodwood Festival of Speed sponsor
  9. Luxury Unfiltered: Emotions, not transactions, will guide the luxury experience revolution
  10. 55pc of consumers planning future EV purchase, BMW Group finds
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