SaksFifthAve

Saks Fifth Avenue Closing Two Stores In July

Luxury department store Saks Fifth Avenue has announced another store closing. In March, the brand announced the July 10th closing of its Portland, Oregon store. It will also be closing the Saks Fifth Avenue store located in the Fashion Valley Mall in San Diego, California by July 17, 2010. In a press release, Steve Sadove, Chairman and Chief Executive Officer of Saks said that the closing is "consistent with our strategy of focusing our resources on our most productive stores."

Around 70 employees are employed in the San Diego store and will be offered transfer opportunities or will receive appropriate severance packages. Despite the closings Sadove remains bullish on luxury. I had the chance to hear Sadove participate in a panel discussion at the American Express Publishing Luxury Summit recently and it was clear that he is certain that luxury is regaining its footing and that the days of deep discounting and slowly moving merchandise are coming to a close, just not fast enough it seems to save these two stores.

Tags: portland, saks, Saks Fifth Avenue, saks-fifth-avenue, SaksFifthAve, san diego, steve sadove

David Yurman Celebrates Pav� this Season

by Laura Malesich (RSS feed) —

Filed under: Jewelry

I haven't had an opportunity to share this on Luxist yet but I adore David Yurman. His style is always consistent but fresh with new designs and changes in metals and stones. This particular partnership between sterling silver and pavé diamonds is my new favorite! The signature cable is still incorporated with glittering diamonds literally paving the way around each piece. It is truly stunning and you'll find everything from rings to bracelets, necklaces to earrings that you can mix and match together. Is it too late to put these on my wish list for the holidays?

Gallery: David Yurman's Sterling Silver with Pave Diamonds