Retail Detail. Dangerous Game: Has Saks Ruined Luxury Retail?
Has Saks ruined the luxury market, forever? Saks Fifth Avenue slashed prices by up 70% on designer clothes last November before the holiday season even began…and all fashionista hell broke lose? Manolo Blahnik shoes going for $160? It started a stampede. According to an in-depth article in yesterday's Wall Street Journal, Saks's deep, mid-November markdowns …
