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Saks Global will slash about 5% of corporate workforce

Retail Dive · 17h

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.

11hon 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 ...

1d

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 ...

16h

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 ...

11hon MSN

Saks still plans to close downtown Neiman Marcus despite efforts to resolve lease issue

A local business group said it brokered a deal to keep the iconic downtown department store at its current site on Main ...

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 ...

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 ...

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