Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus The $2.7 billion acquisition of Neiman Marcus by Saks was seen as a strategic move to solidify their positions as luxury retail giants. However, the reality has turned out to be quite different, with both department stores now finding themselves struggling to keep up […]
Poor Payors: Assessing the Storm Around Saks
Poor Payors: Assessing the Storm Around Saks The recent letter sent by the department store operator, Saks, to brands has sent shockwaves through the fashion industry. In a move that underscores a growing power imbalance in the wholesale market, the letter is a stark reminder of the challenges faced by suppliers in an environment that […]
Saks Finalises Acquisition of Neiman Marcus Group
In a significant development within the luxury retail sector, Saks Global has concluded its $2.7 billion acquisition of Neiman Marcus Group, a move that positions it as a formidable player in the high-end market. This merger not only expands Saks Global’s portfolio, which already includes Saks Fifth Avenue and Saks Off Fifth, but also successfully […]