Saks Breaks Out The Guillotine

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	Saks Breaks Out The Guillotine

Lauren Sherman

1-16-2009 10:25 AM

527 views

tags:

saks fifth avenue, luxury industry, lay offs

Lauren Sherman says:

Unsurprisingly, the struggling high-end department store laid of 1,100 corporate employees yesterday. Here's our take on what Saks customers really want: http://www.forbes.com/lifestyle/2009/01/13/luxury-spending-rules-forbeslife-cx_ls_0113style.html

1 Comment |

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2-13-2009 4:15 PM

ellington

IS THIS THE SAME COMPANY THAT TRADES AS INDEPENDENT FRANCHISE HAIRDRESSING IN U.K.

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            Faced with steep declines and affluent consumers losing wealth in a deteriorating economy, Saks Inc. pulled the trigger on a sweeping round of cutbacks on Thursday, saying it would eliminate 1,100 corporate...
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