Retail

Saks Fifth Avenue says traffic hasn’t dropped as coronavirus cases rise

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Luxury retailer Saks Fifth Avenue said it hasn’t seen a change in shopping patterns in Florida, Texas and other states where coronavirus cases are rising.

On CNBC’s “Closing Bell,” Saks Fifth Avenue President Marc Metrick said shoppers are still going to stores to buy handbags, shoes and other items.

“We’re still seeing the traffic there,” he said. “We talk to our store, our teams everyday and they’re telling us they’re really not feeling it or seeing it in traffic or even in the attitude and the sensibilities in how they’re shopping.”

He said the company is watching that carefully, but “on the top line, we haven’t seen it.”

The U.S. hit a record number of new coronavirus cases in a single…



Source cnbc.com

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