
One rival in particular is expected to cause trouble for Saks: "Big bets on holiday inventory by Bloomingdale's will likely force continued discounts through early next year," one source tells The Post. [NY Post]
We, for one, don't think Saks -- or the brands it's trying to appease -- understand just how much the Web is affecting the marketplace. Along with the success of designer discount sites like Gilt.com, specialized e-tailers (most of which we list on the left) are multiplying like mad, and obviously resorting to price-reductions to compete.