Yes, the Non leased locations are participating! Bala is still non leased thankfully & is participating. My SA from that location has set aside a bag for me to ring for the triple points/12 mth mpa. The last mpa/points event they had last month I got a bag also and was able to get points and 12 mth mpa. It’s going to stink once that comes to an end though :/ HTH
Saks bonus points
- Thread starter mamakelly
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Thank you. That's great. There is something I may want if my SA can get it for the points & MPA.
Major Purchase Account. Usually has a higher line than the normal card. They also have offers for interest free for 6 most or 12 months if they're offering it. I was asking about the lease stores because since Saks locations have been changing to leased stores, they no longer participate in point promos and you can't use your MPA. Thankfully my SA's store hasn't changed over yet.
Just a thought (I’m not in retail but I follow the industry news), but perhaps with the leasing arrangements, Saks has lost control over any profit margin they might gain from the sale. The design house may not be losing any money, but Saks certainly takes a cut with all of these incentives. Chanel is a great draw to get people into the store, but if Chanel is controlling all aspects of the transaction now, how does that benefit Saks? What Saks wants now is for Chanel to draw people into the brick and mortar stores and then they will hopefully also spend time shopping in shoes and cosmetics where there are more incentives. So, I am thinking that this new state of things is motivated on both sides: Chanel, which wants to maintain an air of exclusivity, control/autonomy, and distance from “discounting”, and Saks, which is more than happy to host a brand like Chanel and the prestige it brings, but also wants to preserve their bottom line and not take a 10% cut on every Chanel purchase (which is what 3x points amounts to), when all they get monetarily from Chanel now are leasing fees, brand cachet and foot traffic. I think LV at Saks has gone in the same direction.
Two of my SAs from my Saks (and one from leased Chanel) we’re just laid off (and I don’t know how many more storewide) so I think big trouble is brewing at Saks and we will be seeing a lot more contraction in the luxury market. Heck, didn’t Barney’s just file for bankruptcy? And this is the strongest US economy we’ve seen in ages.
The viscious cycle is that with no other Chanel boutique near me and the loss of these incentives, I’m less inclined to buy more Chanel (and I keep telling myself that I have enough already ). Don’t even start me on what might happen to Chanel sales now that Karl is gone. So, I think eventually I won’t really have a reason/desire to shop at Saks or Chanel. I’ve already been cutting back. If others feel similarly, it will impact the bottom line of both retailers. Anecdotally, I’m sensing a lot less Chanel fever these days in the PB forum comments. I just don’t sense the same excitement or interest that was there even a year or two ago, so take that for what it’s worth....
glad to hear. Would you please pm your SA contact? I'd like to get something in Q4.
Can someone please let me know which Chanel locations in Saks are non-leased. Someone mentioned Bala. Not sure what location is that. Thanks.
I know it’s late but I saw it’s triple points ending tonight. Then also I got a postcard about 10k points for a 1k purchase and and 25 k points for a 2.5k bonus. Does that mean we get both!
Ok, jumping a little late into this conversation but thought to share my 2 cents and what my SA in Saks- Houston told me. the last MPA event that ended Sept 14th was the last where you would have purchased a chanel bag and put your purchase on your MPA. SAKS is no longer going to offer Chanel bags on MPA events. Reason is, there are very few SAKS stores left that carry chanel INSIDE their stores, one store was the SAKS Maryland. Chanel is also ending their lease with SAKS in the next few months and it might not be an offering @ SAKS anymore (someone can confirm this info through their SA).... I got lucky by purchasing my first Chanel in their Sept MPA promo.
P.S. these are my SA words and she has been with saks for 17 years so i assume she knows well.
P.S. these are my SA words and she has been with saks for 17 years so i assume she knows well.
I don't know if you are still looking for this information but I very recently bought a bag from New Orleans. Their department is non-leased. I didn't see a lot of stock though.