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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. Kering to acquire jewelry manufacturer Raselli Franco Group
  2. Savannah College of Art and Design debuts SCAD LUXE research center
  3. Dolce & Gabbana debuts Devotion fragrance film
  4. Luxury Unfiltered: Why the best luxury experiences look exactly like the worst ones (on paper)
  5. Dior builds five-story statement flagship in Beijing
  6. Louis Vuitton introduces Visionary Journeys Seoul
  7. Luxury Women to Watch 2017
  8. Lamborghini heads to French Alps for women-led driving series
  9. Brunello Cucinelli casts holiday spell with ‘Cinema Meraviglia’
  10. Off the Cuff: Getting to know luxury's top-tier talent in 2025
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