In the wake of surprisingly high first-quarter losses, Saks Inc. plans to drastically reduce its overhead costs through a variety of measures. Among these, the department store giant plans to cut staff salaries, adjust their merchandise to each individual region’s tastes, and incorporate lower-priced merchandise throughout its stores.
Although Saks has traditionally strived to maintain its status as a luxury retailer, the state of the economy has made it necessary for the company to diversify its merchandise so that a wider group of shoppers can afford their wares. Unfortunately for Saks, walking the tightrope between luxury and affordability has been less …read more

It’s not easy selling a home in today’s down residential market. Just scroll through this blog and you’ll read post after post on slowing home sales and dropping asking prices. So it’s especially important today to give your home every possible advantage when you put it on the market.