Saks Fifth Avenue has announced that the physical stores and eCommerce business will be separated, this will allow the online arm to raise money to fund it’s growth. WSJ is reporting that few changes will be seen by customers and they will be able to purchase online and pick up in store. Readers of this blog might be interested in this change due to the twice annual $50 American Express Platinum credits.
Based on my reading I doubt we will see any change to how those will work, as this is really just a way for investors to be able to invest in the online arm of the business without worrying about the physical brick and mortar business but it’s always possible that the way American Express has structured the contract that it could have an affect.
Enjoy chasing down these credits, how much time do you spend doing this? What a way to spend your time.
Lol chase has paid me $9,000+ of statement credits. Quite delicious cheese
FUCK YOU Saks!!!!!!!!
I messaged their support when I had issues making a $65 order, and they to my surprise gave me 25% off and $10 off my order, and free shipping stacking all three. Not sure if that’s typical for them but if you chat and complain they seem to be quick to throw some coupons at you. Don’t see any reason to order there though other than for the $50 credit.
Not exactly my experience with them. Bloomi and the Rack have a better customer service.
Interesting, I’m sure it’s YMMV.
If you’re like me and find Saks merchandise to be generally unattractive and always overpriced (even during the post-Xmas closeout) you may want to copy my recent strategy. I happened to pass by a mall with a Saks and bought a $50 Saks gift card there with my Amex Plat card. You must buy the gift card in-store, not online. I then went to CardCash and sold it to them for $41 (I assume the rate could fluctuate). CardCash was easy to deal with and they paid me in a few hours. Personally, I much prefer $41 in cash to $50 in Saks merchandise.
I find that the skincare is a good thing to buy there though. I usually get the Estee Lauder Advanced Night Repair serum, which is priced similarly at Saks and other official retailers, and the $50 credit offsets quite a large amount of it.
Agreed — Le Labo is my go-to.
I’ve found that their high end cutlery is priced similar to other retailers. Personally I’d never pay $200 for a single knife out of pocket, but price is identical to other options and will be free after credits.
You’ve gotta live near a Saks store though, wish there was one near me but alas I do not have one.
True. But if you travel at all, the odds are good that you’ll pass by a Saks store every 6 months. My closest store is 40 miles away, and I wouldn’t make a special trip to do this.
True, if only the one in Pittsburgh stayed open I’d be doing this.
I’m with you there. Nothing for me to buy. I go get the gift card in store and give it away as a birthday present to middle aged people…
Don’t burden anyone with a Saks gift card: trade it in on CardCash and give them something better!
Surprised Amex still partners with this place…no app, mobile website is a disaster, they don’t make online shopping in 2021 easy
I’m gonna use this first half of 2021 credit soon, before anything happens like it did with United’s TravelBank.
TravelBank worked for me as of last week: https://www.doctorofcredit.com/united-airlines-travel-bank-no-longer-works-for-american-express-airline-credit/#comment-1153119
Same
I am going to start running around right away, before the sky starts falling down, just like it did with chicken little
header typo – “seperate”
Second typo – “affect”
Same goes for “affect” in the body.
Also I think the title meant to say “separate physical and ecommerce business” not “online and ecommerce” cuz these two are the same thing?