With the acquisition, Gilt will be opening brick and mortar departments at at Off 5th (Saks Fifth Avenue’s “outlet” locations) stores and thus, loses its identity. Why? Because Gilt’s philosophy is centred around e-commerce, offering designer fashion, accessories and more at up to 70% of retail price for a limited of time (i.e. items will […]
UPDATE: It seems that the Yonge/Bloor spot has been abandoned (for now, anyway) and the Queen Street store will be 150,000 square feet – half the size of the originally planned Yonge/Bloor store. It is going to be very interesting! According to the Globe and Mail, Saks is coming to the Eaton Centre, on Yonge […]
According to the Globe and Mail, the deal between Saks Fifth Avenue and Hudson’s Bay Company (which also owns Saks rival, Lord & Taylor) was finalized Sunday evening at $2.9 billion. This acquisition could mean that Saks, which has long been rumoured to make its way up to Canada, may finally come into fruition, as will […]
There is far too much of New York City to discover in a single visit – some would say even if that visit lasted a lifetime. Trying to narrow down your to-do list when you only have forty-eight hours to spend there is going to be frustrating. You’re bound to feel the need to experience […]
