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 reiterates: The downtown Neiman Marcus store will close.
In a statement shared with press just before 4:30 p.m. Thursday, Saks Global reiterated that it still plans to close the downtown Dallas Neiman Marcus store at the end of March, calling any claims to the contrary “misleading.
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.
Saks Global confirms closure of Neiman Marcus Dallas store
Neiman Marcus’ Downtown Dallas store is set to close March 31, Saks Global has confirmed in a press release. The company, which is currently in the
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 Stays Firm on Its Decision to Close Neiman's Downtown Dallas Flagship.
Saks Global is doubling down on its decision to close the historic Neiman Marcus flagship in downtown Dallas. Last week, Saks ...
Saks vows to pay overdue bills to DFW-based clothing company, others
The company’s "factor," an agent who buys items from manufacturers and sells them to retail stores, warned Trybus to stay ...
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 ...
Saks dispels "false rumors," reiterates flagship Neiman Marcus store in downtown Dallas will close
In a news release, the company reaffirmed that the store will close on March 31, despite reports suggesting otherwise.
Retail Dive4d
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 ...
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.