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Tag: Saks Fifth Avenue

  • Neiman Marcus parent sells its Beverly Hills site

    The land below the Beverly Hills flagship store of luxury retailer Neiman Marcus has been sold to a New York investor as the owners of the department store chain sell property to pay debts.

    Neiman Marcus, which has occupied the 9700 Wilshire Boulevard store since it opened in 1979, will continue to serve customers there as a tenant.

    “We made the strategic decision to sell the land beneath the Neiman Marcus Beverly Hills store and enter into a long-term lease with the new owner,” said a spokesperson for Saks Global. “This opportunistic real estate transaction does not impact our day-to-day operations. We remain committed to serving our loyal Beverly Hills customers.”

    Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, Saks Off 5th and Bergdorf Goodman, sold the Beverly Hills Neiman Marcus site for an undisclosed price.

    The new owner of the property on the edge of the city’s prestigious Golden Triangle is Ashkenazy Acquisition Corp., a private real estate investment firm owned by Ben Ashkenazy.

    Ashkenazy also owns the former Barneys building on Wilshire Boulevard that is now occupied by Saks Fifth Avenue.

    “This strategic acquisition significantly expands Ashkenazy’s presence in Beverly Hills and reinforces the firm’s focus on irreplaceable, best-in-class retail assets located in globally recognized luxury corridors,” the company said in a statement.

    Executives at Saks Global have signaled plans to shore up cash by offloading stores, or raising emergency financing.

    It could also part with a stake in luxury retail chain Bergdorf Goodman to help pay off debts and reinvest in its core retail business, real estate data provider CoStar said.

    The company faces a $100-million debt payment deadline at the end of December and is considering Chapter 11 bankruptcy as a last resort, Bloomberg said. The scramble comes a year after Saks Global purchased Neiman Marcus in a $2.7-billion deal.

    The Beverly Hills retail property market is still one of the most robust in the country, said real estate broker Jay Luchs of Newmark. He was not involved in the Neiman Marcus property sale, but has brokered sales and leases of luxury stores in Southern California for more than two decades.

    “This is probably the best it’s ever been in Beverly Hills,” he said, with “essentially nothing available” on Rodeo Drive for merchants in search of store space and demand climbing on nearby streets such as Wilshire Boulevard.

    Some top-shelf brands are making their stores larger, and luxury brands, including LVMH, Chanel, Hermes and Richemont, are buying their stores instead of renting them, he said.

    “They don’t do that unless they’re making a tremendous amount of money, unless they want to be there forever,” Luchs said, “and they realize that Los Angeles and Beverly Hills is a very important market for them.”

    Roger Vincent

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  • Saks Is Having a 2-Day Sale, and I’m Sprinting to Buy These 12 Pieces First

    Saks Is Having a 2-Day Sale, and I’m Sprinting to Buy These 12 Pieces First


    Surprise: Saks Fifth Avenue is having a sale! The beloved retailer is hosting a pretty epic two-day “fashion flash.” On January 31 and February 1, you can score chic designer pieces at up to 75% off of the original price. 

    Since things are flying off virtual shelves at lightning speed, we’ll cut to the chase: This is an opportunity that is not to be missed! Whether you want to upgrade a few basics, purchase a winter coat for next year for a steal, or score some unbelievably priced footwear and accessories, here’s your chance. 

    Not sure where to start? We’ve combed through dozens of pages to pick out the 12 best items to shop now. Add to your cart and check out ASAP—these beauties will be gone in a flash. 



    Drew Elovitz

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  • There Are So Many Designer Finds On Sale At Saks & Nordstrom—30 I Can't Not Buy

    There Are So Many Designer Finds On Sale At Saks & Nordstrom—30 I Can't Not Buy

    Most Wanted is a weekly series in which one editor, staffer, or influencer shares their top 30 must-haves or current wish-list items.

    This week, I discovered something very dangerous—designer items on sale. After tons of digging, I concluded that at least for now, Nordstrom and Saks have the best assortment of discounted designer items including brands you rarely see on sale. Some examples include Valentino boots, Proenza runway pieces, and the Ferragamo bag everyone wants right now. Curating a wish list of must-have items within this category was a no-brainer. The hard part was narrowing down my selects to just 30. 

    Alas, I was able to make a tight edit of the best designer pieces currently on sale at both Nordstrom and Saks. If you see something you love (which you will) I suggest you act fast because these pieces do not tend to stay in stock for long. Happy shopping and good luck! 

    Lauren Eggertsen

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  • Rakuten, Earn 15X on Dell and 16X on Saks Purchases Today

    Rakuten, Earn 15X on Dell and 16X on Saks Purchases Today

    Rakuten is running a Black Friday promotion, offering 12% to 16% cash back at many merchants. Two of those merchants are Dell and Saks Fifth Avenue, which are popular for Amex Platinum and Amex Business Platinum cardholders.

    You can earn 15% cashback or 15X points on Dell and 16% cashback or 16X points on Saks purchases today if you shop through Rakuten. Rakuten has two types of accounts, one that earns cashback, and one that earns Membership Rewards. You can also earn a $40 signup bonus as well if you don’t have an account.

    This is also a good opportunity to use up Business Platinum Card‘s Dell credits and Dell Amex Offers from American Express. Here’s how I stacked some of these deals to save 78% on a new computer. Amex Platinum cardholders can use their Saks credits.

    Guru’s Wrap-up

    This is a good opportunity to use your credits and discounts. You can use up two three forms of payments at Dell, which means that you can stack credits and offers from several cards if you are purchasing expensive items. They sell Xbox gift cards as well (whenever they’re available), and you can save 10% on all Digital Xbox products with coupon code GAME10.

    15% back at Saks is also quite useful if you still haven’t used your Amex Platinum credits for the second half of the year. You can also get a $75 gift card when spending $150 or more by using promo code HELLOBFSF.

    DDG

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  • Saks Fifth Avenue: Spend $150 & Get $75 Giftcard (HELLOBFSF) – Doctor Of Credit

    Saks Fifth Avenue: Spend $150 & Get $75 Giftcard (HELLOBFSF) – Doctor Of Credit

    The Offer

    Direct Link to offer (our affiliate link; note, you’ll do better using a shopping portal)

    • Saks Fifth Avenue is doing their annual Black Friday even where you get a $75 gift card when spending $150. Use promo code HELLOBFSF.

    The Fine Print

    • OFFER IS FOR PROMOTIONAL GIFT CARD. Valid on saks.com purchases from 11/22/23 at 12:01am (ET) through 11/24/23 at 11:59pm (ET).
    • Valid on Saks Fifth Avenue store purchases and at 877.551.7257 from 11/22/23 through 11/26/23.
    • Excludes some designer collections, leased collections, beauty salons, Saks OFF 5TH stores, saksoff5th.com, gift card, charitable merchandise and Saks employee purchases and those shopping with a Saks Fifth Avenue discount card.
    • Promotional gift cards valid from 12/10/23 through 12/24/23 and are redeemable in Saks Fifth Avenue stores, at saks.com and at 877.551.7257. May not be applied to saks.com purchases shipped outside of the United States. Cannot be combined with any other offer. Adjustments made to the promotional gift card for order cancellations and/or returned merchandise. If promotional gift card is used before merchandise is returned, the amount used will be deducted from the amount of the refund.
    • Limit 1 promotional gift card per person. Total spend excludes gift wrap, pre-order merchandise at saks.com, promotional and loyalty gift cards, merchandise credit, taxes and shipping. Enter promotional code HELLOBFSF for saks.com and phone purchases. Promotional code is for one-time use only. Purchases made in Saks Fifth Avenue stores, at saks.com and at 877.551.7257 cannot be combined.

    Our Verdict

    This is a nice stack along with the Amex Platinum $50 credit. If you go to a Saks store, you should be able to even split the $150 purchase between two or three Platinum cards to get it all free. For online purchases, go through a shopping portal for some nice rewards rates.

    Personally, I find it just ends up being a waste of time to find something of value, and so I’d just use up the Amex credit on a $50 item and be done with it. But for someone who appreciate designer items, this $75 sweetener and high portal rates can be a nice stack with the $50 Platinum credit.

    Chuck

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  • Saks’ Black Friday Sale Has Already Begun—19 Epic Finds You’ll Regret Missing

    Saks’ Black Friday Sale Has Already Begun—19 Epic Finds You’ll Regret Missing

    Black Friday isn’t even here yet and there are already tons of sales fighting for our attention (and money). But the sale I just gave my full and total attention to was the massive Saks’ Early Access Black Friday sale. For a limited time, the luxury retailer is offering a whopping 40% off of select sale finds, which amounts to some very deep discounts on over 30k items.

    After spending more than an hour scrolling through the sale this morning, I can confirm that there are plenty of items that are worth treating yourself to or gifting for the holidays—and many of them don’t have a sky-high designer price point. To save you some time, I selected the most epic finds from Saks’ sale selection. I’m pretty sure you’ll love these crowd-pleasers that’ll see you through holiday events, winter weather, outfit dilemmas, and gifting needs. Scroll to fill your Saks cart.

    Allyson Payer

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  • A Sale At Saks? Say Less—28 Finds I Was Shocked to Find In the Discount Bin

    A Sale At Saks? Say Less—28 Finds I Was Shocked to Find In the Discount Bin

    At the end of a long work week, there really isn’t anything better in my opinion than sitting down and scrolling through a sale that you really don’t have to scroll that far into to find some not-so-hidden gems. Well, apparently Saks read my mind, because right now, the luxury retailer’s having a flash sale, and unlike so many sales that set expectations sky high but don’t totally deliver, this one houses hit after hit.

    The markdown event, called the Fashion Flash sale, consists of designer and contemporary items from brands like Helmut Lang and Tory Burch as well as Jacquemus, Proenza Schouler, and Khaite, all of which are up to 70% off right now through Sunday. They weren’t kidding when they called it a flash sale. So, to save you time but still ensure that you get the opportunity to shop off the work week, I went ahead and rounded up 28 of the best picks from the bunch. Scroll down to see what made the cut. 

    Eliza Huber

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  • Fashion Editors Are All Over This New Tory Burch Sale—Shop Our Picks

    Fashion Editors Are All Over This New Tory Burch Sale—Shop Our Picks

    Shopping for your favorite designer is always a treat, but scoring that bag you’ve had your eyes on for months on sale? Now that’s something worth celebrating.

    Right now, selected Tory Burch shoes and handbags are on sale for up to 30% off at Saks Fifth Avenue. Starting today, you can pick up perennial favorites like the brand’s iconic ballet flats and newer items like the highly covetable Lee Radziwill purse. 

    With hundreds of items to choose from, it’s impossible for shopping carts not to get full rather quickly. But we’ve whittled down the list to just 18 of our favorite pieces. At the very least, we’ll be buying new shoes and a bag to carry us through the rest of the fall—and maybe begin our holiday shopping, too.

    Drew Elovitz

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  • I’m a Shopping Expert, and These Are the Best Designer Fashion Finds at Saks

    I’m a Shopping Expert, and These Are the Best Designer Fashion Finds at Saks

    If you were to ask me which department store I frequent the most, the answer would be Saks. Every season, I take a look at its new-arrivals section and pick the pieces to add to my wardrobe, careful not to fall victim to overzealous shopping sprees. Seasonal knitwear and shoes are a must this fall, along with accessories I can take with me into winter.

    So which brands are making the wardrobe-refresh list this time around? Khaite is at the top of my list, with fall staples such as the Lavan Cropped Cashmere Cardigan and the most perfect pair of dark-wash straight-leg jeans. Loewe also came in hot with its popular puzzle tote bag. Ahead, you’ll find all the pieces I’ve got my eye on from the Saks fall fashion assortment. 

    Humaa Hussain

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  • It’s True: The Row and Jacquemus Are Part of Saks Fifth Avenue’s New Sale

    It’s True: The Row and Jacquemus Are Part of Saks Fifth Avenue’s New Sale

    It’s not every day you get the chance to score pieces from The Row on sale, but that day has finally arrived, thanks to Saks Fifth Avenue. From now until Sunday, August 6, the retailer is offering $75 off orders of $350 or more, $200 off orders of $800 or more, and $300 off orders of $1200 or more. Just remember to use code STOCKUPSF at checkout. 

    The list of brands included in the tiered sale is truly elite. Other than The Row, there’s Paco Rabanne, Jacquemus, Rosie Assoulin, The Attico, Nanushka, 7 for All Mankind, Wardrobe NYC, and other premium designers. I made sure to include a mix of trendy and classic pieces to suit any discerning shopper, including blazers, wide-leg jeans, cropped cardigans, fringed tops, and more. Keep scrolling to shop my favorite things from the newest Saks Fifth Avenue sale. 

    Erin Fitzpatrick

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  • Saks Is Offering 20% Off One Item—These 27 Finds Are Good Enough to Be That Item

    Saks Is Offering 20% Off One Item—These 27 Finds Are Good Enough to Be That Item

    This just in: Saks is having a fun little sale during which more than 15,000 items are 20% off. The catch is that you can only get 20% off one thing. I know. Coming from someone who isn’t incredibly decisive, choosing just one item is a lot to ask. But I did my best. Well, I picked 27 things. We’re obviously not all going to have the same taste and wardrobe needs, so I searched for special items from brands we know and love that are worthy of being the one thing you order from the Saks sale.

    Now for the details: The sale runs through Friday, June 23, and all you have to do to secure the 20% discount is enter the code JUNE20SF at checkout. There are several brand-new items in the sale, so trust me—this isn’t a clearance sale. See for yourself below by scrolling through what I think are the best buys.

    Allyson Payer

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  • I Just Popped Into Saks—These Summer Finds Are So Good It’s Stressing Me Out

    I Just Popped Into Saks—These Summer Finds Are So Good It’s Stressing Me Out

    Welcome to Let’s Get a Room, a series where editor Eliza Huber heads to the dressing room to try on pieces from your favorite retailers, buzzy items, and new collections. Think of this column as a detailed guide to the pieces that are actually worth buying and the ones that, unfortunately, looked better online—no returns necessary.

    I spend a lot of my time shopping in New York City, but there are certain stores I have to keep myself from stepping foot inside in order to keep my bank account in the green. One such place is Saks Fifth Avenue, a staple of the NYC shopping scene where finances go to die, not necessarily because everything’s pricey, but because it’s all utterly irresistible. Alas, sometimes you have to break your own rules. Or at least, that’s what I’m telling myself given that I did, indeed, walk into Saks this week and subsequently spent a total of three hours scouring the store’s seemingly endless offering. 

    Naturally, with a selection as good as the one at Saks, I couldn’t possibly just look at my favorite pieces from the bunch. I had to try them on, too. So, to make the damage more worthwhile, I decided to turn my shopping experience into the latest installment of my monthly column Let’s Get a Room. That way, I can use work as an excuse for my reckless behavior and everybody wins. Without further ado, scroll down to see and shop every item I tried on at Saks Fifth Avenue, from the SKIMS tee I need in every single color to the white trousers from Staud that will no doubt become my most-worn summer fashion item. 

    Eliza Huber

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  • I’ve Worked In Fashion for Years—Here’s What Matters for the Rest of 2023

    I’ve Worked In Fashion for Years—Here’s What Matters for the Rest of 2023


    Photo:

    Courtesy of Anna Irving; Courtesy of Tory Burch; Launchmetrics Spotlight/ Ludovic de Saint Sernin; Courtesy of Proenza Schouler

    Here’s a harsh truth: Breaking into the fashion industry is no easy feat. There are numerous hurdles for designers, especially those from marginalized communities, including finding funding, carving out a niche in an oversaturated market, and getting stock-listed at major retailers. Even if you overcome every challenge, that doesn’t mean overnight success or long-term relevance. So many small labels have gone viral overnight, only to shutter a few years later because they couldn’t keep up with the fast-paced production or create a profitable business model. 

    But one retailer is trying to change that harsh reality for new designers. Since its inception in 1867, Saks Fifth Avenue has been one of the pinnacles of high fashion. Generations of creatives have aspired to see their designs in the windows of the retailer’s iconic Fifth Avenue location. That dream is now within reach for a rising crop of designers, thanks to the New Wave accelerator program at Saks. Launched in 2021, the initiative was created in partnership with Mastercard to provide talent with the tools to build long-lasting luxury labels. Of course, other retailers have diversified their stockists in recent years to address calls for systemic change, but this isn’t a fluff PR move for Saks. The program is buying budding designers’ work and setting them up for long-term viability by sharing knowledge and resources. 

    That distinction has made the program unique. It has reached its aim of not only giving a platform to the most exciting talent of our era but, in the process, has made Saks the place to watch and shop for new designers. However, success, especially in this industry, isn’t achieved without the work of people behind the scenes. One of the driving forces behind this program has been Saks’s SVP, GMM Women’s Designer Ready-to-Wear Anna Irving. So, of course, we had to speak with Irving about her work, and luckily, she obliged. Ahead, you’ll hear from Irving about her buying career, the importance of the New Wave program, and which trends and brands will define the rest of 2023. 

    Jasmine Fox-Suliaman

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  • I Scrolled Through Every Item on Saks’s Designer Sale—These 20 Won Me Over

    I Scrolled Through Every Item on Saks’s Designer Sale—These 20 Won Me Over

    Like many of my fellow fashion lovers, I keep a running wish list of the items that catch my eye on a daily basis. This list includes (yet another) pair of wide-leg jeans, the latest buzzy Staud dress, and an Isabel Marant baseball cap that falls under the “want but not an immediate need” category. They’re pieces I’ve dreamed about owning but have never fully committed to—until Saks dropped its latest designer sale. Starting May 22, the items on my wish list are up to 50% off, and it low-key feels like a dream come true. Editor-favorite brands such as Frame, Tory Burch, and Vince are all included. I’m beyond ready to cross a few things off my wish list and make them my own, so join me in shopping the best designer sale of the month.

    Natalie Gray Herder

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  • I Just Spent 4 Hours Devouring Saks’s Sale—29 Pairs of Shoes That Must Be Seen

    I Just Spent 4 Hours Devouring Saks’s Sale—29 Pairs of Shoes That Must Be Seen

    I’m not ashamed to admit that I’m a sucker for a sale. It doesn’t even have to be a good one. As long as it features an abundance of dark-red font and crossed out numbers, I’ll drop everything to at least window shop the selection. That’s how I ended up logging onto Saks’s website this week with no expectations but a willingness to look through every last marked-down product from the retailer’s Friends and Family sale, going on now through Monday, March 27. First, I tackled the selection as a whole, leading to genuine alarm when my intention of just looking went out the window and reality set it: This sale is really, really good. 

    After looking through over 25,000 products, I decided to narrow things down to give my bank balance a slight chance of survival. Little did I know that by focusing only on shoes, I was striking gold. From metallic heels and suede knee-high boots to shearling slides and toe-loop sandals, the shoe offering showcased below is a treasure trove for footwear enthusiasts, especially ones with a penchant for sales. Scroll down to see for yourself.

    Eliza Huber

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  • Saks Quietly Just Launched a Quickie Sale—These 33 Finds Won’t Last Till the End

    Saks Quietly Just Launched a Quickie Sale—These 33 Finds Won’t Last Till the End

    Saks just launched a three-day sale, and if you ask me, someone who has, at minimum, virtually window-shopped every sale on the planet that’s taken place in the last five years, this isn’t one to skip. With three levels of discounts, over 25,000 products to choose from, and brands like Interior, Staud, Simon Miller, and Wardrobe.NYC included in the mix, I can’t think of a single reason why you shouldn’t start shopping the sale right this second. Especially because it ends in just three days.

    I know—I’m getting ahead of myself. Details-wise, Saks’s sale starts today and lasts until Sunday, March 5. As I mentioned, there are three tiers, meaning that the more you spend, the bigger the discount you receive when you use the code SAVE23SF at checkout. Specifically, when you spend $400, you get $100 off; when you spend $800, you get $200 off; and when you spend $1200, you get $300 off. See? I told you it was worth shopping. 

    The best part about sales like this is the feeling you get when the otherwise full-price items in your cart are slashed all at once upon typing in the code SAVE23SF before finalizing the purchase. In other words, don’t be alarmed when you see the unmarked prices on the 33 sale finds below. They will be discounted, just be patient. Scroll down to shop Saks’s short-but-sweet sale, going on now through Sunday.

    Eliza Huber

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  • Take Note—This Luxe British Fragrance Brand Is a Must-Have in Your Collection

    Take Note—This Luxe British Fragrance Brand Is a Must-Have in Your Collection

    Looking for another excuse to whip out your credit card and expand your fragrance collection? Here’s one: British luxury fragrance brand Molton Brown has a line of unique and sophisticated perfumes you’ll want to get your hands on. For a fragrance novice, Molton Brown is the perfect entry into the brilliant (and often complex) world of luxury fragrances that, while at a higher price point, offer the wearer an olfactory experience like no other. Molton Brown has established a reputation for itself as one of the premiere British makers of fragrance since the brand was founded in 1971. Hungry for more? Keep reading to find out which of its iconic scents should be on your radar.

    Maya Thomas

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  • Saks Off 5th Says Luxury Retailers Are Coming for Discount Stores

    Saks Off 5th Says Luxury Retailers Are Coming for Discount Stores

    Luxury retailers are coming for sale shoppers and their go-to discount stores.


    Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images

    According to Saks Off 5th’s CEO Paige Thomas, the brand saw more competition in the discount store space than in years past, calling the 2022 holiday season “the most promotional” she’s ever witnessed while speaking at NRF 2023: Retail’s Big Show in New York City, per Fox Business.

    Lower prices were likely due to high inventory levels in the wake of the COVID-19 pandemic and inflation woes, while holiday markdowns “created opportunity for traditional full-price players to play in our sandbox a little bit and so that became absolutely competitive,” Thomas said.

    Thomas said that excessive inventory creates an “unbelievable environment” for Saks Off 5th’s team of buyers to find the best goods for customers, but now luxury stores are using the same “winning agenda” to target sale shoppers.

    Still, despite complaining about luxury retailers (none were mentioned by name), Thomas said customer research conducted by the company shows they are gaining new fans — a high-earning customer that likes deals but doesn’t necessarily need them.

    In addition to targeting this new customer base of “high earners”, that are “very fashion-driven” and “shopped everywhere,” according to Thomas, the brand has invested in technology with the launch of its app in 2021 and its resale partnerships Rent the Runway to help give consumers more access to luxury goods.

    Entrepreneur has reached out the Saks Off 5th’s parent company HBC for comment.

    Sam Silverman

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