We've just learned that Michael Fink, Vice President and Women’s Fashion Director at Saks, left the company on January 15. Saks released the following statement:
His departure is the result of a corporate restructuring of the organization in response to the current economic climate. We are very grateful to him for his invaluable contributions to our organization and wish him well in the future.
Saks sure is doing a lot of corporate restructuring these days. Ten days ago the company announced it would cut 1,100 jobs among a slew of other cost reductions. We wonder if Saks is looking for someone to take the fall for all the money they're losing, and Fink happens to be that person. In any case, we feel bad for him but — forgive the Carrie Bradshaw jargon here — can't help but wonder who's next?