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Tag: fifth

Saks Fifth Avenue says traffic hasn’t dropped as coronavirus cases rise

Luxury retailer Saks Fifth Avenue said it hasn’t seen a change in shopping patterns in Florida, Texas and other states where coronavirus cases are rising. On CNBC’s “Closing Bell,” Saks Fifth Avenue President Marc Metrick said shoppers are still going to stores to buy handbags, shoes and other items. “We’re still seeing the traffic there,” …

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Coronavirus: ‘A fifth of independents may not reopen”https://www.drapersonline.com/” News

A survey of 236 Bira members, completed last week, found that 20% indicated they may not reopen once lockdown is lifted.  Bira chief executive Andrew Goodacre said: “A larger issue is that many members who want to reopen are concerned about the impact of social distancing on trade, and that may limit the ability to run …

Coronavirus: ‘A fifth of independents may not reopen”https://www.drapersonline.com/” NewsRead More

Saks Fifth Avenue parent Hudson’s Bay to go private

Get great content like this right in your inbox. Subscribe Hudson’s Bay Company has agreed to be taken private by a group of its shareholders after they upped their offer.  The group is headed up by Richard Baker, executive chairman of the Canadian department store company, and also includes Rhone Capital LLC, WeWork Property Advisors, …

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