Must Read: Saks Global CEO Addresses Business Challenges, Retailers Rethink Workforce With AI in Mind – Latest Fashion Trends & Style Tips November 10, 2025 at 10:30PM

📰 Must Read: Saks Global CEO Addresses Business Challenges, Retailers Rethink Workforce With AI in Mind

✨ Fashion Insights & Trends:

Photo: Smith Collection/Gado/Getty Images

These are the stories making headlines in fashion on Monday.

Saks Global CEO addresses business challenges

On a panel at the WWD Apparel and Retail CEO Summit, Saks Global CEO Marc Metrick acknowledged the company's ongoing challenges, including its unpaid vendor bills and strained relationship with brand partners. He emphasized that the company is actively working to deliver on its promises and regain vendor trust. Despite the issues, Metrick said he remains optimistic about Saks Global's future, citing its curated assortment strategy and implementation of its new Seller Success Track program. {WWD/paywalled}

Retailers rethink workforce with AI in mind

As AI enables retailers to operate more agilely and efficiently, employees continue to pay the price as executives initiate mass layoffs. Through October, job cuts were up 145% compared to the same period last year, with AI among the top two reasons cited by leadership. That said, executives claim AI agents aren't replacing every job, nor is it always the driving factor behind layoffs. To create a more streamlined workforce, retailers are reducing organizational layers and merging job titles and responsibilities. {Modern Retail/paywalled}

Chrome Hearts bought the Surfrider Hotel

Los Angeles-based luxury brand Chrome Hearts bought the Surfrider Hotel in Malibu for $37.5 million. The purchase price exceeds $1.8 million per room for the 20-room property, making it the most expensive per-room hotel sale in Southern California. The label plans to merge its sense of style with the hotel's surfer-focused legacy. {Wall Street Journal/paywalled}

The Latin American Fashion Awards honor Luar's Raul Lopez

The Latin American Fashion Awards honored Luar's Raul Lopez with its first-ever Carmen Busquets Couture Prize. The award includes a $50,000 grant and tailored mentorship. Other award winners included Paloma Elsesser for Model of the Year, Willy Chavarria for Designer of the Year and Maluma for Fashion Icon of the Year. {Fashionista inbox}

Fashion companies question the payoff of AI investments

Fashion companies are questioning whether their big investments in AI will deliver the high payoffs it promised. At present, most executives have failed to see the technology translate into noticeable economic gains. Some investors and tech experts remain optimistic about AI's potential, noting that most AI investments are still in early stages and need time to develop. Reports show consumers are showing early signs of adapting to commerce-focused AI product rollouts like ChatGPT and Google AI shopping, according to Vogue Business. Meanwhile, other experts remain skeptical about betting on AI. {Vogue Business/paywalled}

Adobe reports a surge in AI-powered search traffic ahead of holiday shopping

Consumers who arrive at retail sites from generative AI sources are 16% more likely to purchase items, compared to non-AI sources like paid search, affiliates, email, organic search and social media, according to Adobe Analytics' latest report. In August, data showed that AI-powered search traffic was 9% less likely to convert, proving that consumers are increasingly — and quickly — getting comfortable relying on AI for their shopping transactions. {Fashionista inbox}

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