Saks Fifth Avenue was established in New York City in 1924. They had branched out with Palm Beach, FL and Southampton, N.Y, resort stores successfully in 1928, and then decided Chicago was the next on their horizon. Opened at 840 N. Michigan Ave, in March of 1929, they faced serious long established competitors. In the log written by the head of Charles A Stevens there was concern of several of their employees having been lured away to be employed by Saks.
Saks found their newest home in a recent hot spot, in what is now a still vibrant fashion shopping Mecca, north Michigan Ave. It is oft referred to now as the Magnificent Mile. It was only after the opening of the Michigan Ave Bridge/DuSable Bridge with the Tribune Tower on the north side in 1920 did old Pine Street become a desirable destination. The Drake Hotel, between Walton and Oak, anchored the north end of the business, hotel and shopping expansion.
Feb 17 a group of north Michigan avenue retailers combined to be featured in a full page Chicago Tribune advertisement, with a map in the center. The Saks store ad indicates an early March opening. They would have been in the same Michigan Chestnut Building as two shops in this form of weekly Sunday ad, run over the next few weeks. The Chintz Shop would not have competed, and may have welcomed the arrival of Saks. Later the Don Lynn fashion shop may have had great reservations about the future.
The Women’s Athletic Club at 626 N. Michigan opened in April, 1929 and was a great draw to this hotly developing shopping area. They were the new home March 1 of the first branch of a successful shop on Diversy, the Leslie Shop. http://glessnerhouse.blogspot.com/2013/02/womans-athletic-club-of-chicago.html
One should not confuse Leslie with Leschin, another fashion spot. Leschin had Jack Leschin listed as a manufacturer of millinery in the 1920 census, living at 831 Ainslie with his family. In 1910 he had been a manager of a cloak factory in Kansas City.
McAvoy at 615 N. Michigan Ave ran an ad March 11 to welcome Saks. McAvoy’s ads regularly boasted of their Fashion Board, made up of prominent Chicago women: Badger, Farrell, King, Madlener, Meeker, McCormick, Mitchell, Otis, Winston, and Winterbotham. Another ad of theirs also on March 11 mentions clothes in the Debutante room started at $45 (equal to $635.35 in 2017.)
Saks must have been recognized by the world of criminals as well as shoppers as a place of value. June 15 found them robbed of $5,000 cash and $15,000 in jewels at the close of business, in a terrifying holdup. One wonders if Miss Florence Geraldson, the cashier, had been a former Stevens employee who wished she had never left. The thieves escaped, having worn “canvas gloves and sneakers.”
Kleenex was on sale in a large cosmetics ad Sept 8, 1929, and again in Nov, at Saks for $.33, in the new larger size. Hopefully the wise women invested, as the stock market crash is just weeks away. Kleenex had started in 1924 as a Hollywood product to remove theatrical makeup and cold cream, which was why it was still featured in the cosmetics department at Saks. In 1926 “A test was conducted in the Peoria, Illinois newspaper. Ads were run depicting the two main uses of Kleenex; either as a means to remove cold cream or as disposable handkerchief for blowing noses. The readers were asked to respond. Results showed that 60% used Kleenex tissue for blowing their nose. By 1930, Kimberly-Clark had changed the way they advertised Kleenex and sales doubled proving that the customer is always right.https://www.thoughtco.com/history-of-kleenex-tissue-1992033c
For fashion, Saks sought the well heeled client. They were proud to feature the designs of Jane Regny https://en.m.wikipedia.org/wiki/Jane_Régny
For the person who pulls themselves away from the newspaper headlines daily about the world covering Zeppelin travels, including a stop in Chicago August 29, they may have noticed the full page ad Sept 3, 1929 for the newly opened jewelry store on Michigan Ave.
After checking out the new place, then one could head over to Saks for some lovely items from Molyneaux. If that did not draw one, perhaps the ad on the sixth for the allure of Vionnet fashions did entice one to the store. The social elite of the city were returning from their summer homes in Lake Forest, Wheaton and Barrington, as the season was about to start here again. Attending a debut of the chosen few young women certainly required a gown from a Paris house, even if one had not toured Europe to select it there oneself.
No other ads were placed by Saks in the Tribune during the early fall of 1929, tho Sept 28 alerts one to the new furs from Mr. Perry A. Weinberg. Perhaps they were trying other papers to see what kind of response the others drew. Or they realized the magnitude of financial woes ahead, and felt it better to conserve their advertising dollars. Whatever financial concerns they had, they still proceeded in expansion to two additional floors in the the building they occupied, as reported Oct. 5, 1929.
By mid Sept it was clear there were financial concerns for the city. Headlines had told of the county being unable to pay their bills, especially salaries, including those of judges. They would get IOUs thru the end of the year. A reassessment of property in the county was a hopeful way to be fairer, and gain more tax revenue. That had potential but as people would be losing jobs in the future, it is not too likely as many would be able to pay those taxes. Sept 19, 1929 had a Tribune headline that the city had a 32% deficit. That would play out to include no pay for plenty of their employees as well, including school teachers. That day they feared the dismissal of 2,000 city policemen and 800 firemen, a potentially dire situation. The city had reassessed real estate property values in 1928, had borrowed against the anticipated higher tax revenue which did not materialize, making for a mess of a financial deficit going into 1930. This news deflected from the previous big issue of the 4,000 county employees being unpaid since Sept 15.
October 25, 1929 was the final blow to the stock market. No Saks Fifth Avenue ads ran that day either. One might imagine the staff spent much of the day concerned for the future, and wondering if the holiday shopping season, soon to start, would be anything like they had hoped for when they were planning it in earlier months.
Much newspaper mention has been made of the stock market crash the end of Oct, a trigger for the Great Depression ahead. It has been a volatile market since at least the spring, and bank failures and suicides had been happening even before the crash. Those just seemed like more isolated incidents till economic gloom became better recognized.
What other events occurred for which a new dress and hat would be desired by a lady in Chicago? The opera? Yes. Theater? Yes. The new production of Eugene O’ Niel’s third Pulitzer Prize winning “Strange Interlude” opened to 1200 attendees. The Stevens Hotel, across the street, and the theater arranged a special dinner interlude. The performance started at 5:30, and the 1.25 hr intermission was a time for theater goers to dine at the hotel, then return for the final acts of this 5 hour, nine act play. It sounds like an excellent idea, at only $1.50 for the meal, as Thanksgiving dinner was $2, vs $2.50 at the Palmer House.
A practical purchase for gifts or oneself, if only to save one’s hat from rain and snow, would have been the special on Nov 23 for umbrellas at a mere $7.50. Just after Thanksgiving Saks featured shoes for $9.85 for values to $27.50, and the same ad is repeated several days.
One wondered if Saks actually sold hats, a mystery solved when a semi annual clearance sale is announced Dec 2, and millinery is mentioned. Whew! One could relax, tho no hat photos make one wonder if they were all a cloche style, or perhaps a bit more adventurous.
Speaking of the ads themselves, most Saks ads were rather bland. The two cosmetic ads were simply lists of items with prices, and the shoe sale showed no shoes. Even the biggest ads in the fall for Vionnet and Molyneaux were copies of typed letters from the fashion houses. The aura of mystery was certainly the approach Saks took. Lots of competitors featured lovely drawings, such as Blum’s Vogue Dec ____1929.
But finally Saks has pulled out all the stops for a full page ad on Dec 8, a Sunday paper, to draw those Christmas shoppers inside their doors. The image contained an Art Deco feel of a woman holding a ship. They were not selling ships, but selling the allure of imported goods, especially French items.
They followed up on Dec. 12 to entice gift givers to select a purse, with prices which ranged to $250. ( Or $3,530 in 2017)
For the bargain hunter, The Fair, a reputable mid-price department store, had an ad of handbags ranging to $15.That week Carson, Pirie, Scott and Co showed “original couturier bags from Lelong, Patou, Worth, Lanvin, and Paquin at $15 to $35.” All the ads were of little use from Dec 18th, and 19th, as a blizzard had hit Chicago, “the worst of a decade.” It caused 12 deaths, and plummeted the temps to zero. For shoppers who had left that gift buying task for the last weekend before Christmas, the city was a mess. 900 shovelers and 75 trucks were working to clear the downtown; the rest of the city had to wait for it to melt.
By Dec 21 O’Conner and Goldberg, known as OG, the store for shoes, had to do something with their 1,500 handbags, which were marked down to $5, from $27.50.
By Dec 23 even Saks had to move their $7.50-$10 purses, marked down to $4.95. Perhaps we have a case of handbag wars, where sellers were bound and determined those lovely little evening bags with so much holiday appeal get out their doors, one way or another. http://archives.chicagotribune.com/1929/12/23/page/4/article/display-ad-3-no-title
How many people trudged thru the snow for these bargains is unknown. But teachers were not going shopping for many gifts. The city was so broke for weeks they could not be paid, no matter what they went thru to get to work during the blizzard. Loop departments stores placed ads specifically telling teachers they could open credit accounts immediately. In a last minute deal borrowed funds were found to give teachers their checks on Dec. 24th. But sadly for them things would be worse in 1930, with far worse gaps unpaid. For now, Chicagoans went about their business of celebrating a white Christmas, a bit diminished, but hopeful of a new year of hats and handbags. Maybe they even went inside Saks, just to see what it was all about, even if buying their hats seemed outrageous.