clock menu more-arrow no yes mobile

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Yesterday, Hudson Bay Co. announced that it's buying Saks for $2.9 billion. Today, further details were released about what that means for the company's big stores. Chairman and CEO Richard Baker says: "We plan on spending a lot of money renovating Saks stores, making the Saks business more luxurious, more exciting, and as compelling as we can....We will hit the ground running once we close the deal, which will be in three to six months." [WWD; Previously]

Saks Fifth Avenue

611 5th Avenue, Manhattan, NY 10022 (212) 753-4000 Visit Website