prada bag for sale doudoune prada pas cher paris femme france

Posted on by
prada bag for sale to $81.33 billion.Still, Saks has lagged behind its peers in the luxury sector. It been trying to keep up with its rivals Neiman Marcus and Nordstrom, which have performed well post recession.After getting battered by the Great Recession, Saks discounted heavily to bring shoppers back. That move hurt the chain image, which is higher brow.Saks since has returned to selling clothes and other merchandise at full price and focused on closing unprofitable stores. financial meltdown in 2008.In the latest fiscal year, Saks reported annual revenue of $3.15 billion, up more than 4 percent from the previous year but still below the $3.28 billion in the year ended in January 2008. Saks net income fell nearly 16 percent to $62.8 million in the latest year.Belus Capital Markets analyst Brian Sozzi said the Saks shopping experience still isn as inviting as that of Nordstrom and Neiman Marcus. For example, Nordstrom has been doing things like allowing shoppers to check out in fitting rooms using sales associates hand held gadgets. And Neiman Marcus, which didn suffer during the Great Recession, has a long held reputation for coddling its affluent shoppers through its loyalty programs.has been a lot of promise in terms of potential but Saks hasn lived up to the hype, Sozzi said.Still, Hudson Bay sees promise in Saks. Hudson Bay will pay $16 per share for Saks, a 5 percent premium over the company Friday closing price of $15.31. The companies put the deal total value at about $2.9 billion including debt.Saks stock jumped nearly 4 percent, or 60 cents to $15.93 in Monday trading. Shares are up 46 percent for the year to date.The acquisition will marry two storied retailers. Hudson Bay was founded in 1670 as a trading firm for furs and other goods. It is considered the oldest company in operation in North America. There are about 90 Hudson Bay locations in Canada.Founded in 1924 by Horace Saks and Bernard Gimbel, Saks flagship store on Fifth Avenue in New York City is a landmark of retailing and sits on some of the most valuable real estate in the world. The company employs about 15,000 people across 41 stores.Hublot Introduced New Chocolate Colors to Big Bang