Saks, Inc.

Mastercard SpendingPulse: U.S. Retail Sales Grew +3.1%* This Holiday Season

Retrieved on: 
Tuesday, December 26, 2023
Technology, Payments, Other Retail, Electronic Commerce, Restaurant, Bar, Fashion, Jewelry, Retail, Consumer Electronics, Online Retail, Online, Friends, Family, Grocery store, Holiday, YOY, Mastercard, Saks, Inc., Cryptocurrency

According to preliminary insights from Mastercard SpendingPulseTM , U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24.

Key Points: 
  • According to preliminary insights from Mastercard SpendingPulseTM , U.S. retail sales excluding automotive increased +3.1% year-over-year this holiday season, running from November 1 through December 24.
  • Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
  • “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, Chief Economist, Mastercard Economics Institute.
  • “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.”
    Key retail trends this holiday season included:
    Shopping Extravaganzas In-Store & Online: Online retail sales increased +6.3% YOY while in-store sales were up a more modest +2.2% YOY.

Techstars Appoints Shirley Romig as Chief Accelerator Investment Officer and Expands Board of Directors with Kristi Mitchem and Julie Harris

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Technology, Other Professional Services, Other Technology, Start-Up, Finance, Diamond, University, Goldman Sachs, Davidson College, Mentorship, Startup Weekend (organization), Fulbright Program, Consultant, University of Virginia Darden School of Business, Saks, Inc., Stanford Graduate School of Business, Commerce, Asset, MBA, Arthur Andersen, Mitchem, Equinox Group, LOVE, State Street Global Advisors, Risk, Liquidity, Business, JPMorgan Chase, Partner, Western Michigan University, Entrepreneurship, Accenture, Lyft, Computer science, Cryptocurrency, Management, Science, Techstars, Operation, LoveSac, Marketing

In addition, Techstars also announced the appointment of Kristi Mitchem and Julie Harris to its Board of Directors (the “Board”).

Key Points: 
  • In addition, Techstars also announced the appointment of Kristi Mitchem and Julie Harris to its Board of Directors (the “Board”).
  • As Chief Accelerator Investment Officer, Romig is responsible for overseeing Techstars’ accelerator programs and managing the selection, funding and mentoring of entrepreneurs globally.
  • In this role, Romig also manages Techstars’ Global Network Partners and Ecosystem Development programs, including Startup Weekends and Founder Catalyst.
  • “Shirley understands what it takes to scale a business and how to achieve it from a people, process and platform perspective.

Mastercard SpendingPulse: U.S. Retail Sales Expected to Grow 3.7%* This Holiday Season

Retrieved on: 
Tuesday, September 19, 2023
Luxury, Discount, Variety, Electronic Commerce, Consumer Electronics, Department Stores, Technology, Other Retail, Family, Specialty, Restaurant, Bar, Consumer, Food, Beverage, Fashion, Retail, Other Technology, Catalog, Home Goods, Supply Chain Management, Other Consumer, Online Retail, Mastercard, Growth, AI, Holiday, Grocery store, Electronics, Habit, Saks, Inc., Table, YOY

This holiday season, running November 1 through December 24, U.S. retail sales excluding automotive are expected to increase 3.7% year-over-year (YOY), according to Mastercard SpendingPulse™ .

Key Points: 
  • This holiday season, running November 1 through December 24, U.S. retail sales excluding automotive are expected to increase 3.7% year-over-year (YOY), according to Mastercard SpendingPulse™ .
  • Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
  • Looking back at the 2022 holiday shopping season , inflationary pricing and pent-up demand, coupled with excess savings and rising wages allowed consumers and retailers to navigate the season well.
  • With this omnichannel approach in mind, consumers are anticipated to shop across channels, with e-commerce expected to increase +6.7%, and in-store sales to increase +2.9% YOY.

Silver Jeans Co. Names New CEO

Retrieved on: 
Monday, July 17, 2023
Thompson Central Park New York Hotel, Friends, Marketing, Silver Jeans Co., Halston, For All Mankind, Mike Jeffries (CEO), JS Groupe Bazano, Saks Fifth Avenue, Silver, Saks, Inc., Growth, Jahangir Siddiqui & Co., JAG, Management

NEW YORK, July 17, 2023 /PRNewswire/ -- Western Glove Works, parent company to Silver Jeans Co.™ and JAG® Jeans, the Canadian-based brands known for producing quality denim, announces its brought on a new powerhouse CEO, Suzanne Silverstein.

Key Points: 
  • NEW YORK, July 17, 2023 /PRNewswire/ -- Western Glove Works, parent company to Silver Jeans Co.™ and JAG® Jeans, the Canadian-based brands known for producing quality denim, announces its brought on a new powerhouse CEO, Suzanne Silverstein.
  • Silverstein will serve as CEO of both Silver Jeans Co. and JAG Jeans and will take the reins from former CEO and founder, Michael Silver, on July 10.
  • "I am thrilled to join the Silver Jeans and JAG team," Silverstein said.
  • "We are extremely excited to welcome Suzanne Silverstein to our 'family of friends' as the new CEO of Silver Jeans Co. and JAG Jeans," said Michael Silver.

MamaMancini’s Appoints Shirley Romig to Board of Directors

Retrieved on: 
Thursday, March 9, 2023
University, Equinox Group, Saks, Inc., Business administration, Holding, McIntire School of Commerce, Digital technology, MBA, Deli, Chair, Publicis Sapient, Salmon, Ridesharing, Commerce, LYFT, Management, Science

EAST RUTHERFORD, NJ, March 09, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ: MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the appointment of consumer and digital technology executive Shirley Romig to its Board of Directors.

Key Points: 
  • Shirley brings more than 20 years of operations and public company corporate governance experience to the MamaMancini’s Board of Directors.
  • Shirley most recently served as CEO of Mixo, a startup building a new social commerce platform that simplifies digital food content creation.
  • Since 2019, she has served on the Board of Directors of the public company LOVESAC, an omnichannel home furnishings company, where she Chairs the Nominating & Governance Committee.
  • I am also excited to bring in a board member with corporate governance experience at a similarly sized public company.

Mastercard SpendingPulse: U.S. Retail Sales Grew 7.6%* This Holiday Season

Retrieved on: 
Monday, December 26, 2022
Technology, Department Stores, Finance, Electronic Commerce, Specialty, Professional Services, Restaurant, Bar, Data Analytics, Retail, Online Retail, Online, Restaurant, Key, Friends, Holiday, Mastercard, YOY, Growth, Family, Appetite, Saks, Inc., Retail

According to Mastercard SpendingPulseTM , U.S. retail sales excluding automotive increased 7.6% year-over-year this holiday season, running from November 1 through December 24.

Key Points: 
  • According to Mastercard SpendingPulseTM , U.S. retail sales excluding automotive increased 7.6% year-over-year this holiday season, running from November 1 through December 24.
  • Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
  • “This holiday retail season looked different than years past,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated.
  • This holiday season, e-commerce made up 21.6% of total retail sales, up from 20.9% in 2021 and 20.6% in 2020.

Mastercard SpendingPulse Anticipates 15%* U.S. Retail Sales Growth on Black Friday

Retrieved on: 
Tuesday, November 15, 2022
Online Retail, Technology, Vacation, Travel, Professional Services, Department Stores, Electronic Commerce, Marketing, Communications, Retail, Data Analytics, Black Friday, Holiday, Travel, YOY, Friends, Mastercard, Department store, Restaurant, Black Friday (shopping), Saks, Inc., Growth, Black, Family, Online shopping, Retail, Tourism, Airline

According to Mastercard SpendingPulseTM , U.S. retail sales excluding automotive is expected to grow +15% on Black Friday compared to last year.

Key Points: 
  • According to Mastercard SpendingPulseTM , U.S. retail sales excluding automotive is expected to grow +15% on Black Friday compared to last year.
  • Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.
  • According to Mastercard SpendingPulse, October U.S. retail sales excluding automotive increased 9.5% year over year and 23.6% compared to October 2019.
  • Coupled with heavy online promotions, consumers got a head start on their holiday shopping, fueling another strong month of retail sales.

A Record-Breaking Evening for Delivering Good Celebrating Leadership and Excellence in Fashion, Finance, and Beyond

Retrieved on: 
Friday, November 4, 2022
Santander Bank, Saks, Inc., Digital Impact Awards Africa, Macy's, Goldman Sachs, School, Commercial, Mastercard, Program, Dominican, Reading, Commercial bank, Creative, CVC Capital Partners, CEO, Dallas Cowboys, Chicago Innovation Awards, Gerald Loeb Lifetime Achievement Award winners, Mikasa, New World School of the Arts, Leadership, Hawk's Nest, New York, Dominican Republic, The Children's Place, RSM US, Tackle, Getty Images, Coach, Time, Industry, Good, Head, Solution, TJX Companies, LLP, Avenues: The World School, Nightclub, Management, Pharmaceutical industry, Online shopping, Amazon, Tapestry

The audience also heard directly from several clients and partners of Delivering Good who shared their emotional stories of challenges and perseverance.

Key Points: 
  • The audience also heard directly from several clients and partners of Delivering Good who shared their emotional stories of challenges and perseverance.
  • The event concluded with Ken Downing who was joined on stage by Joe Abruzzo, Delivering Good Board Member and Head of Commercial Banking at Santander.
  • For the complete list of sponsors and more information about Delivering Good, please visit our website .
  • Select images from the 2022 Evening of Delivering Good are available from Getty Images.

Mastercard SpendingPulse: U.S. Retail Sales Expected to Grow 7.1%* This Holiday Season

Retrieved on: 
Monday, September 12, 2022
Home Goods, Retail, Technology, Finance, Banking, Professional Services, Supply Chain Management, Online Retail, Luxury, Convenience Store, Electronic Commerce, Department Stores, Personal Finance, Specialty, Internet, Fashion, Online, Saks, Inc., Black Friday, Culture, Athleisure, Mastercard, Growth, Industry, CEO, Foodservice, Solution, Multimedia, Holiday, Online shopping, Retail, Luxury

This holiday season, U.S. retail sales excluding automotive are expected to increase 7.1% year over year, according to the Mastercard SpendingPulse annual holiday forecast.

Key Points: 
  • This holiday season, U.S. retail sales excluding automotive are expected to increase 7.1% year over year, according to the Mastercard SpendingPulse annual holiday forecast.
  • The holiday forecast, along with a look at key economic trends shaping the season, can be downloaded from the Mastercard Economics Institute here .
  • Tis the season of savings: As inflation impacts consumer wallets, bargain hunting is expected to be in full force this holiday season.
  • Mastercard SpendingPulse defines U.S. retail sales as sales at retailers and food services merchants of all sizes.

Mastercard SpendingPulse: U.S. Consumers Continued to Spend in July While Navigating High Inflation

Retrieved on: 
Thursday, August 4, 2022
Banking, Supply Chain Management, Online Retail, Professional Services, Luxury, Department Stores, Specialty, Convenience Store, Fashion, Retail, Finance, Home Goods, Online, Multimedia, Travel, Furniture, Industry, Saks, Inc., CEO, Growth, YOY, Food, Masters Home Improvement, Housing, Foodservice, Home, Culture, US, Employment, Heat, Solution, Decorative arts, Grocery store, Mastercard, Online shopping, Renewable energy, Airline, Jewellery, Banking, Supply Chain Management, Online Retail, Professional Services, Luxury, Department Stores, Specialty, Convenience Store, Fashion, Retail, Finance, Home Goods

Rising pricesparticularly for necessities such as food and fuelwere a contributing factor, as Mastercard SpendingPulse reflects nominal spending and is not adjusted for inflation.

Key Points: 
  • Rising pricesparticularly for necessities such as food and fuelwere a contributing factor, as Mastercard SpendingPulse reflects nominal spending and is not adjusted for inflation.
  • Of note:
    Consumers continue to spend, with inflations impact varying across sectors: Consumers continue to navigate high inflation as they spend on wants and needs.
  • On the other hand, Apparel (+16.6%) and Jewelry (+18.6%) sales saw strong demand-driven year-over-year growth, well outpacing sector-specific inflation.
  • Thus far, nominal spending remains strong as consumers cope with high price inflation.