Saks Fifth Avenue is a luxury department store chain known for its high-end fashion and designer brands, offering a wide range of clothing, accessories, and beauty products.If you’re looking for a Saks Fifth Avenue affiliate program, maybe you’d like to consider starting your own marketplace with 3-5x higher sales commission. Here’s how.
Vendo enables an easy and affordable way to start your multi-vendor marketplace. Embark on selling products from numerous vendors rapidly, eliminating the concerns of inventory and shipping logistics. And the sales commissions hover around 20-30% instead of 5%.
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Vendo is the go-to solution for comprehensive marketplace operations, providing an automation platform for daily operations, a range of brand choices or the option to include your own, tools for merchandising and promotion, multiple sales channels (including website, emails, SMS, mobile app, social media), and continuous support for growing your marketplace.
Saks Fifth Avenue Marketplace Success Factors
Saks Fifth Avenue, a renowned luxury retailer, has made significant strides in its marketplace, particularly in e-commerce. Here's a summarized bullet point overview of their success story:
- Restructuring for E-Commerce Growth: Saks Fifth Avenue split its store and e-commerce businesses, allowing for more focused investment in digital initiatives. This involved leveraging Salesforce Commerce Cloud for better user data capture and personalization, and introducing a separate men’s wear homepage based on consumer data.
- Enhanced Online Customer Experience: They launched initiatives like everyday free shipping and returns, an advanced digital stylist program, and exclusive programs like Saks Limitless for top online shoppers. The introduction of Saks Live, a livestream events platform, further enriched their online engagement.
- Significant Performance Uplift: Since these changes, Saks’ e-commerce has seen remarkable growth. Their website traffic increased by 79%, and new customer counts rose by 84% compared to 2019. Their gross merchandising value also exceeded expectations, showing a double-digit increase from 2019.
- Strong Physical Store Contribution: Despite the focus on e-commerce, Saks’ physical stores remained integral, providing services like buy online, pick up in store, and handling exchanges and returns. Their total sales in key markets like Atlanta, Houston, and Chicago saw double-digit increases over 2019 figures.
- Financial Stability and Expansion: To support their growth, Saks secured a $350 million asset-based revolving credit facility and a $115 million senior secured term loan. This provided them with substantial liquidity and flexibility for future growth initiatives.
Saks Fifth Avenue Affiliate Program
The Saks Fifth Avenue Affiliate Program is an excellent opportunity for content creators, bloggers, and influencers to earn commissions by promoting high-end products from a globally recognized luxury retailer. Here are five key aspects of the program:
- Commission Structure: Affiliates earn a commission for each sale made through their unique links. The commission rate offered by Saks Fifth Avenue is 2.4%, as seen on platforms like FlexOffers.
- Quality Content and Audience Understanding: Successful affiliates typically create high-quality content that resonates with their audience. Understanding your audience's preferences and how Saks Fifth Avenue's products meet their needs is crucial.
- Marketing and Promotional Support: Saks Fifth Avenue provides various marketing materials, such as banners and text links, to help affiliates effectively promote their products. Additionally, there are performance incentives and bonuses for top-performing affiliates.
- Diverse Product Range: As a luxury retailer, Saks Fifth Avenue offers a wide range of products, including designer fashion, shoes, handbags, jewelry, and home décor. This diversity allows affiliates to target various consumer interests and preferences.
- Program Accessibility and Tools: Joining the program is straightforward, requiring filling out an application form and awaiting approval. Once approved, affiliates have access to a dashboard for tracking performance, optimizing strategies, and managing affiliate links.
Get started with a marketplace like Saks Fifth Avenue on Vendo. Get 3-5x higher sales commission!
Vendo enables an easy and affordable way to start your multi-vendor marketplace. Embark on selling products from numerous vendors rapidly, eliminating the concerns of inventory and shipping logistics. And the sales commissions hover around 20-30% instead of 5%.
START YOUR OWN MULTI-BRAND MARKETPLACE ON VENDO
- Book a demo call: We’ll set up your demo marketplace and populate it with products.
- Customize your Storefront: We’ll help you craft a storefront that aligns with your brand identity, ensuring a cohesive and on-brand shopping experience for your customers.
- Onboard Brands: Invite your favorite brands or choose brands from the Vendo brand catalog. We can also start reaching out to brands you’d like to sell on your behalf.
- Select Products: Curate product collections manually or automate the process to efficiently manage your catalog and meet customer demand.
- Embed products: Make your editorial content shoppable with products embedded right where your customers expect them to find. Simplify and streamline product discovery.
- Start Selling Programmatically: Push products through multiple touch points: on your website, share it on social media, and include products in your newsletters.
- Get Paid: Get paid as soon as products are shipped by the brands. No need to wait 30-60 days or worry about orders not attributable to your affiliate links.
- Get Repeat Sales: Since you’re not linking out, your customers will keep coming back. We’ll help them with abandoned cart emails and promotional email blasts.
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