Steve Sadove

A new report shows U.S. holiday sales jumped by 8.5% as compared to last year, increasing at the fastest rate in 17 years. The sales figures outpaced a 7.4% increase expected by economists at Mastercard Inc (NYSE: MA) SpendingPulse, which issued the report. The surge in sales during this year...

The coronavirus pandemic represents an "existential threat" to the entire retail sector and there will be a "fundamental changes" to the longer-term business model, Steve Sadove, former chairman and CEO of Saks, said in a Thursday CNBC "Squawk Box" interview....

The 2018 holiday shopping season is tracking to be the strongest in six years, as total retail spending from the start of November through Dec. 24 rose 5.1 percent from a year ago to more than $850 billion, CNN reported, according to Mastercard SpendingPulse.  Four Experts React Four...

President Donald Trump hosted retail CEOs at the White House Wednesday. While details of the talks remain scarce, it is reasonable to assume the discussions focused on Trump's proposed border tax, which will levy an import duty on items manufacturing outside of the United States. Steve Sadove,...

Amazon.com, Inc. (NASDAQ: AMZN) is the world's largest retailing company, surpassing retailing giant Wal-Mart Stores, Inc.(NYSE: WMT) in market cap. Former Saks Chairman and CEO Steve Sadove, was on CNBC Monday to discuss if Amazon can continue its dominance in retail and how are other...

Merger Monday struck this morning as several high profile deals were announced heading into this week's trading. Notable deals included the merger of Omnicom (NYSE: OMC) and Publicis (OTC: PUBGY), Saks (NYSE: SKS) being bought by Canada's Hudson's Bay, and Perrigo (NYSE: PRGO) buying Elan (NYSE:...