A series of scary information has lead us to consider that Saks may be headed into some especially difficult times. Recently, it came out that Saks has cancelled several planned store renovations, and they announced that they're "not opposed" to closing certain locations if shoppers continue to prove unwilling to spend money on premier designer booties. The next day, Moody's (the credit ratings agency you might remember from a couple weeks ago) announced they'd have to "review" Saks' credit-grade rating - and we all know what can come from that. Since then, Saks has mounted the biggest sale we've seen so far this holiday season, and introduced a new Major Purchase Account option for frequent shoppers (which is really just fancy speak for layaway, something Walmart brought back this holiday season, as well.) And yesterday? We were told (albeit, randomly) that the Saks in Philadelphia may be closing very soon, which (obviously) no one can (read: will) confirm. It's no secret high-end department stores like Saks have been feeling shoppers' money problems more so than other types of retailers, but could the words "bankrupt" or just "closing" be on the horizon for one of the country's most iconic stores? Stay tuned.
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Tilda Swinton at Saks, Michael Kors in Bergdorf's Windows and More: Here's What You Can Expect at Fashion's Night Out 2011
Fashion's Night Out round three promises to be the biggest yet. Stores in over 250 cities across the US and overseas are scheduled to participate in the Vogue-helmed retail fest, and this year over 200 e-tailers will join in on the fun so those not living in or near a participating city can throw down plastic and score some deals too. September 8 looms ever closer and Fashionsnightout.com has just unveiled a master list of events hosted by retailers across the country so you can start mapping out your shopping route now. (And we mean that literally--the site allows you to "add events" to your "night out" and plots them on a map.) We scoured the listings for all the most important information: which celebrities have signed on and what they'll be doing, the craziest gimmicks, and where all your favorite designers will be so you can stalk them show them some love.