Saks Owner Hudson’s Bay Initiates Store Liquidation Process Amid Restructuring Efforts The retail industry has been facing unprecedented challenges in recent years, with the pandemic exacerbating the struggles of many traditional brick-and-mortar stores. The latest casualty in this evolving landscape is Hudson’s Bay, the owner of luxury department store Saks Fifth Avenue, which has been […]
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 […]