Saks
Saks Global Hits ‘Turning Point,’ According to CEO Marc Metrick
With a new credit agreement in hand and 2024 results in the books, Metrick told WWD, "We cleared the air and…
Saks Secures $350M in Financing to ‘Fortify’ Balance Sheet
The retailer gained a little breathing room as it faces a key interest payment and looks to reset the luxury…
Lender Pathlight Sues Saks After Clearing the Way for the Neiman’s Deal
Pathlight says Saks owes it $8.8 million, while Saks claims the lender refused to support Hudson's Bay and it…
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Saks Global Walks a Narrow Path
The luxury department store leader's reset is meeting the realities of the debt market.
Saks Global’s Emily Essner on Navigating Luxury Amid Uncertainty
Saks' chief commercial officer discussed the retailer's focus on tailored experiences, economic challenges…
Brands, Retailers Navigate Changes at World Retail Congress
The conference in London featured talks from Saks, Todd Snyder, Estée Lauder and By Rotation.
Richard Baker Confirms Saks Global to Cut Up to 600 Vendors
At the World Retail Congress, Baker said the group will move toward "controlled brands" with larger margins…
Richard Baker Confirms Saks Global to Cut Up to 600 Vendors
At the World Retail Congress, Baker said the group will move toward "controlled brands" with larger margins…
Saks Global’s ‘Tight Liquidity’ Has S&P Reconsidering Its Credit Rating
The debt rating agency put Saks' "CCC-plus" rating on credit watch negative and reiterated that its capital…
Saks Global’s ‘Tight Liquidity’ Has S&P Reconsidering Its Credit Rating
The debt rating agency put Saks' "CCC-plus" rating on credit watch negative and reiterated that its capital…
Saks Bondholders Prove to Be a Tough Sell
The price on bonds Saks raised to buy Neiman Marcus have fallen sharply and continue to be volatile.
Department Store Sales Continue to Slip in Otherwise Positive March for Retailing
U.S. consumer spending is showing some resilience, but the population is expected to save more and cut back…
The Risks and Benefits of Selling to Saks, According to Gary Wassner
The factor feels designers' pain but continues to support the new luxury tie-up, which includes both Saks…
The Whirlwind Ride With Saks Global, Vendors Speak Out
Business conditions are tough at Saks Global, as many designers and brands sweat it out waiting for the…
The 90-day Shuffle: Understanding Saks Global’s Longer Payment Terms
As the luxury retailer changes its model, debt experts are closely watching the company's capital structure.