Saks and Neiman Marcus Announce Layoffs
Filed under: Style in the News
You know things are bad when the rich stop shopping at the rate they use to.Last Thursday, Saks Inc. announced it would be letting go 1,100 in-store and corporate support jobs, or 9 percent of its work force. But wait, the luxury department store also has plans to scale back on some of the commitments it had made to those employees who it will maintain, namely eliminating merit-based wage increases and suspending matching contributions to employee 401(k) plans for at least a year.
It must be official. Though I hadn't yet formed an opinion either way. a lot of people were saying that "eco" in fashion and style was a passing fancy. Like shoulder pads, leggings, and eelskin, eco is just another trend that would be hot for a while, but eventually die out. 
For those of you who have been living under a rock this month, October is Breast Cancer Awareness month. Each year Saks Fifth Avenue has their Viva la Cure campaign, which includes a designer t-shirt. 
Today Saks Fifth Avenue has unveiled it's largest shoe department in New York City. What makes it the largest shoe department ever? Could it be the 10,000 pairs of shoes or that fact that the department warrants its own zip code (10022)? Yep, its that serious. A sea of stilettos, boots, sandals, mules, high heels, kitten heels, and more.
In January, 
There are some of us in this world who have to be stylish in every aspect of our lives. And then there are those of us who think that Saks Fifth Avenue, which is including a "signature edition" Mercedes Benz CL600 in its upcoming holiday catalog, is absolutely crazy. 
