Saks Turns Down The Lights As Fifth Avenue Celebrates Its Biggest Holiday In 200 Years [Forbes]
Mastercard Incorporated (MA)
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Source: Forbes
Christmas lights amid coronavirus (COVID-19) pandemic in Manhattan of New York City, United States on November 28, 2020. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency via Getty Images For the last twenty years, Saks Fifth Avenue has gifted New Yorkers and visiting guests with a dazzling holiday light show on its flagship's façade above its iconic holiday window displays. However, this year, though the window displays will remain, the light show is gone, replaced by more subtle lights framing the building's façade to “honor the architectural significance” of the building, a Saks spokesperson shared with me. It's not a good look for Saks on its 100th anniversary. It should be going all out to celebrate its centenary in a year that CEO Marc Metrick disclosed has been “softer” than expected. Instead, it's going “quiet luxury.” The decision is even more foolish because 2024 marks the official 200th anniversary of NYC's Fifth Avenue corridor. How often do
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