Saks Has to Look Luxury to Sell Luxury
That’s a challenge for a department store under bankruptcy protection.
A Saks Fifth Avenue store in Chicago.
Photographer: Scott Olson/Getty Images
While Saks Global Holdings works its way through the bankruptcy process, its iconic department stores remain open. But can they continue to draw customers? Bloomberg Businessweek ’s Buying Power columnist Amanda Mull writes today about the expectations wealthy shoppers have when they walk in the door. Plus: A new episode of the Everybody’s Business podcast, how India is benefiting as the US cuts visas for tech workers, and why your next vacation might be more expensive as locations fight overtourism.
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