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Saks Global has widened the role of Emily Essner, president and chief commercial officer, and has promoted Mary McGreevy to chief stores officer for Saks Fifth Avenue and Neiman Marcus.…
It’s almost like vendors and Saks Global have called a truce — whether it’s temporary or permanent remains to be seen, depending on how business progresses. For the most part speaking on…
The reinvention at Saks Global might be about to touch the Bergdorf Goodman business. Sources said the company has had “preliminary discussions about potential joint venture opportunities”…
Saks Global has gained some extra breathing room. The company — which took on a heavy debt load to buy Neiman Marcus in December and has been working to calm bondholders — secured $350…
The Saks Fifth Avenue brand is headed to Costco, according to market sources. The Saks Fifth Avenue brand name has been licensed to Centric Brands for men’s apparel and is headed to Costco…
Any good controversy has two, maybe three players squaring off, repositioning for a future that is usually coming much sooner than later. And then there’s a focal point — some kind of…
There’s Amazon’s new push into luxury with Saks and then there’s the e-commerce company’s push even higher — literally into space. Amazon’s quarterly updates to Wall Street contain a list…
Bondholders can be a tough crowd — just ask Saks Global. Equity investors are more excitable and want nothing but growth. But since bondholders have actually loaned a business money, they…
Did Saks just help Amazon crack the luxury code? Maybe. The internet’s everything store has been looking to break into high-end fashion for years, but it’s had only limited success outside…
This story is developing and will be updated. Marc Metrick, chief executive officer of Saks Global, spent much of the year calming vendors, easing them into a new payment schedule and…
Saks Global, continuing to integrate Saks Fifth Avenue and Neiman Marcus operations and reduce headcount, has formed a “commercial team” of senior-level merchants and fashion executives,…
In February, Saks Global said it had a master plan to “reset” the luxury experience, but offered few specifics. What it did lay out were a new policy to start paying vendors on a 90-day…
Saks Global is doubling down on its decision to close the historic Neiman Marcus flagship in downtown Dallas. Last week, Saks officials said the decision to close the flagship was due to…
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the integration of Saks Fifth Avenue and the Neiman Marcus…
Playing hard ball. That’s how many vendors view Saks Global’s new approach to paying them for past and future orders, while expressing relief that Saks management provided some clarity…
Saks Global will close the historic Neiman Marcus flagship in downtown Dallas next month, and could also close its Saks Fifth Avenue flagship in Toronto at 176 Yonge Street, sources told…
After a tough 2024, the newly formed Saks Global has a master plan to “reset” how it conducts business and has begun providing some clarity on its strategy to vendors. Officials also…
On Wednesday night, Saks Fifth Avenue brought its annual fashion week party, typically held at its onsite restaurant L’Avenue, downtown to the Crane Club. The new-ish venue opened late…
