I gotta agree....seems that with all of these new luxury entrants, plus Holt's/Simons/Sporting Life recent expansions and new stores that have opened and announced - that the only thing I can think of that they are all banking on is that the luxury retail pie is going to get bigger. If things remain the same, then I believe there's going to be a lot of rolling heads.
Well its not even just that... The Saks/HBC execution smells overly messy to me. I'm not convinced Richard Baker is that brilliant when it comes to retail. I think he's a brilliant real estate mind... but the execution of this Saks roll out seems totally crazy/messy and $$$. Its nice that Saks has made a deal with Pusateri's, but are they going to tear up the work they've done with Foodworks in the basement to make way for a Saks food hall (something that Saks isn't really known for?)? Are they going to move the Room, which opened only a few years ago into a new area? The whole thing seems like its a muddled mess. Even once its open - can I use my Bay card at Saks? Will there be a wall separating stores - because otherwise a consumer is likely to walk over some imaginary line and try and pay for a Saks item of clothes at the Bay? (Oh what do you mean I don't get HBC points here?)
I know these are detailed questions and I'm sure there are analysts somewhere in brampton figuring this out and crunching numbers... I just think splitting a store into two stores that are owned by the same company but still have distinct system is going to be a total shit show from a consumer perspective.