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Retailers, consumers and prices
Saks goes Canadian, eh
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Canadian fashionistas will now be able to order from Saks.com, as the luxury department store bids to snatch part of the estimated US$16 billion Canadian market for online retail goods.
This is the first time orders submitted on Saks.com will be shipped outside the United States, says Saks spokeswoman Julia Bentley.
“Being able to ship internationally has been a top priority for saks.com in 2008,” said Roger Scholl, VP of operations for Saks Direct, in a release.
Canadian online spending for retail goods in 2009 is forecast to grow 21 percent and total $16 billion, according to eMarketer.
U.S. fashion brands are looking outside the country to bolster sales during a challenging retail environment, encouraged by a wave of foreign shoppers that has buoyed profits.
(Photo/Reuters)
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