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Stock impact report

Saks And The Slow Goodbye To Luxury’s Original Theatre Of Dreams [Forbes]

Estee Lauder Companies, Inc. (The) (EL) 
Last estee lauder companies, inc. (the) earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: elcompanies.com/investors
Company Research Source: Forbes
Because luxury department stores were never “just shops.” They were trust machines. They translated the chaos of fashion into a curated and coherent point of view. They made newness feel safe and offered plenty of permission to buy.US media reported on January 13 that Sak's Global CEO Richard Baker is departing his job.. (Photo by ANGELA WEISS / AFP via Getty Images) ... More AFP via Getty Images Saks Global filing for Chapter 11 this week is not just a balance-sheet story. It is a consumer-behaviour story wearing a corporate suit. Because luxury department stores were never “just shops.” They were trust machines. They translated the chaos of fashion into a curated and coherent point of view. They made newness feel safe and offered plenty of permission to buy. And now one of the most recognisable names on Fifth Avenue is in bankruptcy protection, leaning hard on financing and real-estate optionality while it tries to reassure vendors, staff and customers that the show will g Show less Read more
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