The Hudson's Bay Company has bought Saks Fifth Avenue for $2.9 billion.
Both these stores are well-known across North America and the hope is that a partnership with the Canadian company will largely increase sales for Saks, as this luxury wear store suffered during the recession. It's no secret that Saks is for high-end shoppers; just the shoes alone represent originality and high class. Take the Isabella Fiore Voodoo Wedge as the perfect example of a shoe that makes a bold, flashy statement.
Hudson's Bay wants to keep Saks's top-of-the-line image, while also making the store more accessible to a larger audience. With seven typical Saks locations planned for Canada, Hudson's Bay also wants to open 25 discount Saks stores, giving more people a chance to have the elite 'Saks Shopper' title.
12 Saks Fifth Avenue Designs
Commemorating the Saks Fifth Avenue $2.9 Billion Buy by Hudson's Bay:
Nicole Ballantyne-Choo — Jul 30, 2013 — Business
12
Saks Fifth Avenue Mexico City
A New Shopping Temple in Santa Fe
11
Sparkly Flaming Pumps
Christian Louboutin Maralena Flame Sandal Voted the Hottest Shoes
10
Luxe Paisley Patterned Sneakers
These Givenchy Sneakers Offer a High-End Edge to Casual Wear
9
Asymmetric Ruffled Microminis
The Saks Fifth Avenue 2010 Campaign with Anja Rubik
8
Isabella Fiore Voodoo Wedge
7
Hi-Tech Vibrating Make-up
Estee Lauder TurboLash All Effects Motion Mascara
6
Intergalactic Couture Footwear
Edmundo Castillo Creates Hot TRON-Inspired Heels
5
Sleek Street Kicks
The Chuck Taylor Clean-Crafted Pack Features Sophisticated Sneakers
4
Beautiful Burnished Fashion
The Saks Fifth Avenue Spring 2012 Catalog Stars Jessica Stam
3
Propaganda in Retail Marketing
Saks Calls on Shepard Fairey to Lead the Charge
2
Projected Snowflake Shows
The Saks Fifth Avenue Light Show Gets Shoppers in a Festive Mood
1
Materialistic Mosaic Marketing
This Saks Fifth Avenue Ad Gets You Ready to Pounce
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