Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Meanwhile, Dallas civic leaders have united to urge Saks Global to resolve a land lease issue the retailer says is forcing Neiman's downtown Dallas store to close.
Saks Global Is Laying Off About 5% of US Corporate Workers
Saks Global is laying off around 5% of its US corporate workforce, according to a person familiar with the plan, as the department store integrates its recent acquisition Neiman Marcus.
Saks Global is cutting some roles amid the integration with Neiman Marcus
Saks Global, after its acquisition of Neiman Marcus Group, is trimming the workforce. The luxury department store company is nixing some positions, according to a Saks Global statement. No details were provided on which roles were cut.
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 Global still plans to close Neiman Marcus flagship despite lease resolution
Saks Global says for now it will move forward with closing the flagship Neiman Marcus store, despite a lease dispute being resolved by city leaders.
Neiman Marcus flagship store could remain open in Downtown Dallas after lease deal reached; Saks says plans to close have not changed
Neiman Marcus' parent company Saks says despite a land deal worked out between the downtown Dallas building's owner and the city, their plans to close the iconic location have not changed. A Saks Global spokesperson told CBS News Texas that plans for the flagship store have not changed.
Saks Global to layoff 5 percent of corporate workforce
Luxury department store Saks Global is believed to be laying off around 5 percent of its corporate workforce as it continues to merge its operations
Saks Global laying off staff, plans to close Neiman Marcus store in Dallas
Saks Global says it is laying off staff as it works to integrate the recently acquired Neiman Marcus Group with its other luxury brands.
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 ...
Saks still plans to close downtown Neiman Marcus despite efforts to resolve lease issue
Neiman Marcus’ downtown store is still slated to close at the end of March, even after Dallas city and business leaders ...
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 ...
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Saks Global’s new payment terms shake designers: Why it matters
Saks Global is changing the way it pays vendors as part of a new operating model. CEO Marc Metrick says, “We’re in this with ...
Saks Global survey reveals consumer optimism in personalised shopping
AI features are gaining popularity in fashion e-commerce, with 66% of respondents using tools such as size recommendations.
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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 ...
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 Faces Backlash With Brands
The group has announced the closure of Neiman Marcus's historic Dallas flagship amidst the merger and mounting bills.