Household HSBC Watch

ATLANTA — Saks Fifth Avenue has a new blueprint, and chief executive officer Stephen Sadove is ready to build it. Sadove, presiding over his first shareholders meeting since becoming Saks Inc. CEO in January, said here on Wednesday that the retailer will target a core customer who is 45 to 48 years old, seek […]

Wednesday, April 26, 2006 - BOCA RATON — When thousands of dollars in high-end jewelry started disappearing from display cases in Saks Fifth Avenue, Vincent Ognibene was assigned to investigate. Ognibene, an asset protection detective at the store at the Town Center mall, monitored the daily inventory counts and reviewed surveillance tapes, but he […]

Household - HSBC Watch is writing “A Look Back at Merchants in 2005″ - an analysis of how well HSBC Finance Corp merchants are doing now that they aligned their credit card, and their customers, with former predatory lender Household International (HSBC Finance Corp). The bottom line is these poor decision makers are struggling, […]

Saks and Bon-Ton both decided to use HSBC (Household International) to finance their in-store credit cards. HSBC Watch speculated almost two years ago that Saks was a troubled merchant. “Often when a merchant aligns themselves with a predatory lender they need every dime of profit, no matter how they get it. Saks […]

Saks Fifth Avenue Enterprises is implementing the Customer Relationship Management suite of applications from Teradata, a division of NCR, as part of its commitment to exceed the demands of its customers and extend their loyalty. “Saks also has a relationship with HSBC’s former predatory lender Household International, now called HSBC Finance Corporation. […]

“We consider our proprietary credit card program to be a key component of our retailing concept, and we place a high degree of importance on our relationship with our cardholders,” said Bon-Ton President and Chief Executive Bud Bergren.

For HSBC, the deal is small. The unit of Illinois-based HSBC North America Holdings is the nation’s […]

Jun 3, 2005 — NEW YORK (Reuters) - Saks Inc. said on Friday it is looking further into inventory markdowns and vendor markdown allowances at its Saks Fifth Avenue unit and at whether vendors were improperly charged fees for failing to comply with the retailer’s policies. Saks, based in Birmingham, Alabama, said it […]

March 30, 2005: Saks has been considering the separation of its upscale Saks Fifth Avenue stores from its moderate department store division, retail investment bankers have said. Saks’ stock jumped on Tuesday after retail industry publication Women’s Wear Daily reported that the company is looking for buyers for its 235-unit department store group, with […]

The Kansas City Saks store is closing. In October 2004 Saks Fifth Avenue Enterprises , a business segment of retailer Saks Incorporated , announced it intends to close eight Saks Fifth Avenue stores and three Off 5th stores. Saks receives ongoing compensation from scandal plagued Household International.

Consumer watchdog organization Household Watch reminds consumers that […]

Motley Fool
Sad Saks
Tuesday November 16, 2:22 pm ET
By Seth Jayson
What are the odds that a retailer based in the southern U.S. would blame hurricanes for an unexpected loss last quarter? For those of you who love the old weather excuse, Saks (NYSE: SKS - News) has got you covered.

The Alabama-based retailer — yeah, […]