Reports: Saks Global Streamlines Operations, Cuts Jobs, and Closes Warehouse in Tennessee Saks Global, a renowned department store chain that includes upscale retailers like Neiman Marcus and Bergdorf Goodman, is making strategic moves to streamline its operations and reduce costs. The company recently announced plans to eliminate hundreds of jobs as part of a consolidation […]
Saks Needs to Earn Back Brands’ Trust
Saks Needs to Earn Back Brands’ Trust Relations between the owner of Saks, Neiman Marcus, and Bergdorf Goodman and its vendors are at an all-time low. But both sides need each other more than they’d like to admit. The world of luxury retail is built on relationships as much as it is on the products […]
Saks Wanted to Clear the Air With Brands. The Plan Backfired.
Saks’ Attempt to Reset Brand Relationships Leads to Backlash Relations between Saks Global and the myriad of brands filling the shelves of its department stores have hit a roadblock recently. The conglomerate, which owns luxury retailers Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, made an unexpected move by issuing a letter outlining revised payment […]