Saks CEO Steve Sadove detailed plans to add a men's grooming salon at the store in Birmingham, Ala., during a visit there this week. Saks and other high-end retailers are faring well in the current economy, as wealthier consumers continue to spend on luxury items, he said. "There is a dichotomy between the high end and the low end, and I don't see that rapidly changing right now," said Sadove, who also serves as NRF's vice chairman.

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