[…] The Covid-19 pandemic didn’t help as most department stores are attached to malls, of which there are many closed their doors to the public during the quarantine era, magnified their problems with in-person shoppers. Neiman Marcus, which also owns the Tony Bergdorf Goodman store, declared and emerged from bankruptcy in 2020. The partnership with Saks would help the two companies strengthen each other amid declining sales. […]