Saks
Saks Global’s New Payment Terms Trigger Strong Industry Reaction
The luxury retailer provided some clarity on how and when vendors will get paid for past and future…
Tracy Margolies Got Her Start as a Bergdorf Goodman Intern — Now She’s President of the Storied New York Retailer
The move was revealed this week as part of Saks Global's $2.7 billion acquisition of Neiman Marcus Group.
How Department Stores Tried to Reverse Market Share Losses in 2024
Investors, vendors and retail experts are watching and waiting to see whether changes in merchandise…
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Saks Owner HBC Secures $2 Billion Bond to Buy Neiman’s
The Saks Fifth Avenue store in Palm Beach, Fla. is expected to close next year.
Saks Survey Sees Luxury Consumers Ready to Party, Most Spending the Same or More On Holiday Gifts
Findings from the Saks Luxury Pulse survey puts some optimism into the outlook for the months despite…
Retailers Weigh In on What’s Driving Sales for Fall
Here's what representatives from Nordstrom, Bloomingdale's, Saks and more are seeing get traction for the new…
Saks Apologizes for Delinquent Vendor Payments; Neiman’s Deal Could Close by End of Fiscal Year
Officials say the Neiman Marcus deal, new financing, expected fall upticks in business and future real estate…
Saks Global Takes Shape, Triggers Appointments, Consolidation and Layoffs
Executive changes come in the aftermath of the agreement reached in July to merge the Neiman Marcus Group…
What’s Amazon’s Angle for Investing in Saks and Neiman Marcus?
The e-commerce giant is getting in on the luxury action with some brick-and-mortar competitors.
TD Cowen: Saks-Neiman Deal Likely a Boon to Both Retailers Amid Brand Moves to DTC
TD Cowen analyst sees HBC's deal to acquire Neiman Marcus and create Saks Global as a positive as more luxury…
Saks Names Designer Accelerator Program Participants in Class of 2024
The program helps independent brands accelerate their growth within the fashion and retail industries.
Saks.com Secures Additional Liquidity
The luxury website is receiving an influx of capital from a syndicate including Bank of America, Pathlight…
Saks Aims to Raise Capital, Make Good on Late Payments, CEO Says
"Our intent is to pay everybody," said Saks CEO Marc Metrick.
NRF’s Big Show: The Mood, Issues and Outlook
The world's largest gathering of retail and tech firms, suppliers, analysts and economists generated a…
Saks to Vendors: ‘We Have Sufficient Liquidity’
In his quarterly letter to designers and brands, Saks CEO Marc Metrick looks to dispel murmurings of stalled…