Saks - Economic recession = not the time to enter into luxury retail | Glassdoor
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There are newer employer reviews for Saks

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"Economic recession = not the time to enter into luxury retail"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Manager in New York, NY
Current Employee - Senior Manager in New York, NY
No opinion of CEO

Pros

Prestige within the retail industry and the opportunity to see some of the leading ideas in fashion in motion; while this is department dependent, some of the senior management is amazing to work for and there is a great opportunity to learn; the Saks university programs are very helpful in both personal and professional development; great corporate discount policies (double discount days and family and friend discount days); particularly in the case of buyers and planners, there lies great potential for internal promotion.

Cons

Obviously, luxury retail is not the best industry to be working in during a recession; there has been a recent history of layoffs in light of declining sales. In terms of department stores, Saks has entered into markets where the potential for future growth is absent. As for corporate environment, some of the senior management is reluctant to change, and it may seem as if suggestions fall upon deaf ears.

Advice to Management

Perhaps give stronger consideration to exiting out of some of the less profitable markets, instead of laying off corporate employees.

Other Employee Reviews for Saks

  1. Helpful (4)

    "Great place to work, senior management not the best."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Approves of CEO

    Pros

    Feeling proud of the company you work for. Learning the business better here than you could at other department stores. Everyone really has a sense of pride about the company, and it shows in the way they interact with others.

    Cons

    A lot about your job has to do with politics, especially when dealing with senior management and people of power. Also, working with so many women has its downsides. People who work hard and efficiently don't always get rewarded in the way they should.

    Advice to Management

    Show a little more respect towards your employees, and promote the right people. Promote people who work the hardest and the best. A little "please" and "thank you" goes a long way.


  2. "associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Saks part-time

    Pros

    great discount and commission was good

    Cons

    work you like a dog depending on ur manager

There are newer employer reviews for Saks
There are newer employer reviews for Saks

See Most Recent

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