Saks Global, Layoff

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.
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.
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
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 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 ...
Retail Dive2d
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’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 ...
Neiman Marcus flagship store could remain open in Downtown Dallas after lease deal reached; Saks says plans to close have not changed
Neiman Marcus' parent company Saks says despite a land deal worked out between the downtown Dallas building's owner and the ...
voguebusiness9d
Saks Global’s new payment terms shake designers: Why it matters
Saks Global is changing the way it pays vendors as part of a new operating model. CEO Marc Metrick says, “We’re in this with ...
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.
JD Supra2d
Saks Global Announces Vendor Payments to Begin in July, Plus Store Closings in the United States and Canada
On February 14, the newly formed Saks Global announced its plan to pay vendors past due balances in 12 monthly installments beginning in July.
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 ...