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Saks Global will slash about 5% of corporate workforce

Retail Dive · 15h

Neiman Marcus deal triggers another round of layoffs at Saks Global

The company in July also downsized operations in anticipation of the $2.7 billion acquisition, which closed at the end of last year.

New York Post on MSN · 1d

Saks Global will slash about 5% of corporate workforce after buying Neiman Marcus: source

The retail giant — which also owns Saks Fifth Avenue, Bergdorf Goodman and Saks OFF 5TH — will lay off employees from finance, legal and operations, human resources and technology departments, according to an internal memo sent to staffers that was viewed by The Post.

Saks Closes Neiman Marcus Headquarters And Tells Vendors Payments Will Be Late

Saks Global's challenges grow as it moves to cut costs and hold payments to vendors. Even more challenging, Saks trails in foot traffic to luxury department stores.

9hon MSN

Could Saks in Palm Beach close in 2025? Building owner has sights on private club space.

Saks is among many department stores buffeted by shifting shopping habits. Could a private membership club take over the ...

14h

Saks Global announces round of layoffs! This is the reason

The layoffs at Saks Global will affect workers from various departments, particularly legal, financial, and operations areas ...

6d

Is The Saks/Neiman’s Merger Already In Trouble?

I wrote that a Saks/Neiman Marcus merger seemed inevitable. I didn’t see this as an exciting development, but one largely ...

Saks Global’s vendor trouble hints at financial vulnerability

Revenue targets depend on mending relationships with suppliers, analysts say. A memo from CEO Marc Metrick may have made ...

Retail TouchPoints2d

Saks Opens Newest Appointment-Only ‘Fifth Avenue Club’ in West Hollywood Hotel

Saks Fifth Avenue’s latest Fifth Avenue Club personal shopping location has opened at the London West Hollywood hotel ...

12don MSN

Saks Warns Suppliers They Will Have to Wait for Payments

The luxury retailer moved to reassure vendors after its merger with Neiman Marcus.

6d

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 shipments, but questions ...

Crain's New York14h

Fifth Avenue retail emerges from cold spell

Improved tourist traffic is a big reason for Fifth Avenue’s recovery. Another is excitement over plans unveiled by the city ...

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