Celebrity Powers Saks Fifth Avenue – Analyst Blog
In return, the New York flagship store of Saks Fifth Avenue will showcase a window installation of the trends worn by Ms. Washington’s character Olivia Pope in the series. The partnership is going to be beneficial for the retailer as the series will familiarize youngsters with Saks’ fashion trends as Olivia Pope sports them. The company is aiming to boost sales of the Saks Fifth Avenue by these promotional campaigns. After suffering decline in comps and poor top line results for several past quarters, Saks has recently ramped up its marketing and promotional activity (advertising campaigns and loyalty credit card programs) to boost sales. Although such promotional campaigns have decreased merchandise margins, it is expected to drive earnings over the long term. It has chosen the omni channel retailing in order boost sales in the coming quarter. Saks will sell itself to Canada’s private retailer Hudson’s Bay, parent of apparel chains like Lord & Taylor’s in the U.S. The deal is expected to be completed by end of calendar 2013. Saks currently holds a Zacks Rank #4 (Sell). Other stocks in the retail and wholesale sector worth considering are Citi Trends Inc.
The 5-bedroom, 5-bath home measures 8,305 square feet on just over an acre lot on Point Dume. Typical of most Malibu homes, the house has an open floor plan, incorporating indoor and outdoor living areas. The property includes a chefs kitchen, guesthouse and pool with outdoor shower. The price tag on the home marks a 15.9 percent price increase over the 2006 purchase price, and that translates into a $52,493 monthly payment, calculated with Zillows mortgage calculator and assuming a 20 percent down payment on a 30-year mortgage. Zillow Eminem’s childhood home in Detroit is up for auction. The front cover of Eminems 2000 album, The Marshall Mathers LP, features an image of a small home. The rapper, aka Marshall Mathers, recently tweeted a cover image from the upcoming Marshall Mathers LP 2, which also shows a photo of the home. The residence is his actual childhood home, a small, 2-bedroom, 1.5-bath house at 19946 Dresden St, Detroit MI, 48205 , just a few blocks from 8 Mile Road. His mother, Deborah Mathers, bought the home in 1989 and lived there until 2003, well after Eminems rise to stardom. Like many properties in Detroit, Eminems childhood home has been affected by the citys declining economy and has been foreclosed on several times, including in 2004 for $32,500, and in 2007 for $24,650. The most recent foreclosure was in late 2011, when the Michigan Land Bank took over the property. Zillow currently values the home at $32,948. As part of the effort to temper the problem of foreclosures and abandoned properties in Detroit, the state of Michigan began the Land Bank program to promote economic growth in this state through the acquisition, assembly and disposal of public property. Although Eminem is still active in his hometown, currently producing a Web show, Detroit Rubber , about a local shoe company, the rapper wont likely be buying his old house.