March 16, 2009
I remember a time when I had to hide behind my darkest shades to check out the clearance racks on Fifth Avenue, fearing exposure by some social snitch.
Now, with Saks declaring a $154.9 million dollar net loss for 2009, the entire store is a bargain basement. CEO Stephen Sadove said that customers did not respond to a forty percent-off sale in early November, so they made even further reductions, discounting merchandise by as much as 70 percent, before...
