Week of Feb. 22, 2010
Published February 22, 2010
LUXURY SHOPPERS ARE BACK IN SAKS, BUT FOR HOW LONG?
Saks releases its fourth quarter earnings this week, and marketers hope the luxury retail giant will confirm whether luxury spending is really on the rise. Upscale retailers like Saks have navigated tough times by cutting back inventory and stocking the shelves with new, more affordable designer lines. While these tactics may lure affluent shoppers back to the racks in the short term, Professor Vanessa