Saks Off Fifth news and archive

Saks Off Fifth increases minimum wage to 15 dollars for hourly employees

Luxury off-price retailer, Saks Off Fifth, has announced it will be increasing its minimum wage to 15 dollars for its US-based hourly workers, effective immediately, as well as its plan to implement bonus opportunities and competitive benefit offerings. “The past 18 months have been like nothing we have seen before in retail and this increase in...

Fashion

Saks Off Fifth teams with Girls Inc. for International Women's Day

International Women's Day is March 8, and to mark the occasion Saks Off Fifth has teamed with Girls Inc. The Hudson's Bay-owned, off-price retailer will host a shopping event at its New York City location on March 6 to benefit the non-profit. Girls Inc. offers mentoring relationships, girls-only safe spaces, and research-based programming to...

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People

Hudson's Bay Co. appoints new president of Saks Off Fifth

Saks Off Fifth, the off-price retail chain of luxury designer fashion owned by Hudson's Bay Co., will now be led by Paige Thomas, effective immediately. She will report to Helena Foulkes, chief executive officer of Hudson's Bay Co. Thomas takes over the role of president of Saks Off Fifth from Marc Metrick, who will now fully focus on his role...

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Retail

Hudson’s Bay Company to close Saks Off 5th stores in Europe

Saks Fifth Avenue’s discount chain Saks Off 5th is to close all stores in the Netherlands and Germany, the brand announced on its local Facebook pages. All retail locations in Amsterdam, Rotterdam, Düsseldorf, Frankfurt, Bonn, Stuttgart, Wiesbaden and Heidelberg are now holding a final sale, with markdowns of up to 40 percent. The closures are...

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Retail

Saks Off Fifth opens new location in NJ

Saks Off Fifth will be opening a new location at the end of the month. Opening its doors officially on August 31, the flagship will launch at the Hanover Commons Shopping Center in New Jersey. The discount retail store chose this location as a way to bring access for more customers in the New Jersey area. "Located in the heart of Morris County's...

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Retail

Hudson’s Bay considers bringing Saks Fifth Avenue to Amsterdam

London - Hudson’s Bay, the Canadian department store group is said to have its sights on acquiring a 75,000 square foot building located in centre of Amsterdam’s shopping district, known as the Rokin, in order to open a Saks Fifth Avenue. The Canadian group is currently in negotiation with the group behind luxury department store Haussmann to...