Reporting quarterly earnings on Tuesday are both Estee Lauder (NYSE: EL) and Saks (NYSE: SKS).
Luxury struggled too, with Saks' sales down 11% and Neiman Marcus falling almost 16%.
Slim also owns stakes in department store Saks ( SKS) and the New York Times.
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Weinswig also downgraded two other upscale department-store stocks, assigning a Neutral rating to Nordstrom and Saks.
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Duquette and Wilkinson founded a fine jewelry line still sold at Bergdorf and Saks.
Selected sporting tweeds used for the bags will be exclusive to Saks Fifth Avenue.
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Nordstrom, Saks and Neiman Marcus outperformed expectations with comparative sales increasing 8%, 12% and 12.5% respectively.
Shares in luxury retailers Coach and Saks were also up 4% and 0.6% Monday.
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Saks said that sales were 9.3% higher than a year ago, above the estimate for 5.9%.
Ordinary Iowans, for example, shop compulsively at discount stores rather than Saks Fifth Avenue.
Wenlan's colorful collections are on the racks at Barney's New York and Saks Fifth Avenue.
Similar to other retailers, Saks is growing nationally and internationally through strong Internet sales.
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Saks expects markdown pressure during the second quarter, as it works to clear inventory.
He said that he would spin off Saks Fifth Avenue to shareholders, then scrapped the idea.
Saks Fifth Avenue carries Altuzarra in its Boston and Boca Raton stores and on its website.
Wanting to expand Kleinfelds beyond Brooklyn, he leased bridal departments at prestigious Saks Fifth Avenue stores.
On the higher end, Saks is limping, but Tiffany's cachet makes it worth 30 times.
His wife Peyton, played by Susanna Thompson, works for a local branch of Saks Fifth Avenue.
We offer products which appeal to the aspirational Saks customer who is more value oriented.
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There are many events at the store to market the special brands Saks carries.
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Hope Condon, a customer at Saks Fifth Avenue for over 50 years, is worried.
Yet even for someone used to acquisitions, Saks's 96 stores represent a considerable mouthful.
Mr. Steven Sadove, chairman and CEO of Saks Inc. acknowledges the mopre moderate buying of European visitors.
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Saks 5th Avenue is no longer elitist and wants to generate more business by embracing new customers.
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Saks Fifth Avenue is not doing well either at the cash register or on the stock exchange.
Zelnik and Saks opened wedding boutiques in Saks stores in New York, Georgia, California, Texas and Florida.
That sales clerk from Saks, with zero experience selling magazine advertising, might actually be a better fit.
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These initiatives are significant and strategically important to keeping Saks competitive and relevant in a modern retail landscape.
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The man who replaced him, former Saks chief executive Robert Suslow, became one of his most valued mentors.
Although both buy some of the same cosmetics brands, Saks and Proffitt's stores share practically no clothes labels.
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