neiman marcus

Saks Shifts Focus to Luxury as Retailer Exits Bankruptcy

Saks Shifts Focus to Luxury as Retailer Exits Bankruptcy
Saks Shifts Focus to Luxury as Retailer Exits Bankruptcy
June 28, 2026  |  Retail

Saks Global is reportedly plotting a luxury-focused revival as it emerges from bankruptcy. The company, owner of department stores Saks Fifth Avenue, Neiman Marcus and...

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Saks Global Weighs Competing Bankruptcy Financing Offers
Saks Global Weighs Competing Bankruptcy Financing Offers
January 09, 2026  |  Retail

Saks Global is reportedly weighing two competing offers of bankruptcy financing packages as it prepares to file for bankruptcy. The company, which owns Saks Fifth...

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Saks Global Vendors Say They Still Aren’t Being Paid
Saks Global Vendors Say They Still Aren’t Being Paid
August 10, 2025  |  Retail

Saks Global’s overdue payments problem reportedly continues to plague the department store. As Retail Dive reported Friday (Aug. 8), the company told analysts in June...

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Saks Says Plan to Pay Past-Due Bills Improved Vendor Relationships
Saks Says Plan to Pay Past-Due Bills Improved Vendor Relationships
April 28, 2025  |  Retail

Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February...

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Neiman Marcus to Close One Dallas Location, Renovate Another
Neiman Marcus to Close One Dallas Location, Renovate Another
February 19, 2025  |  Retail

A Neiman Marcus store in downtown Dallas is reportedly set to close on March 31 after owner Saks Global received a notice from the landlord...

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Saks Seeks Suppliers’ Patience on Payments as Luxury Brands Struggle
Saks Seeks Suppliers’ Patience on Payments as Luxury Brands Struggle
February 16, 2025  |  Retail

Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. As The Wall Street Journal (WSJ) reported Friday...

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BNPL Makes Inroads With Luxury Brands as High Earners Pay Over Time
BNPL Makes Inroads With Luxury Brands as High Earners Pay Over Time
January 01, 2025  |  BNPL

The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and...

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Saks Promises ‘Innovation and Growth’ After Completing Neiman Marcus Acquisition
Saks Promises ‘Innovation and Growth’ After Completing Neiman Marcus Acquisition
December 24, 2024  |  Retail

Saks Global has completed its previously announced acquisition of Neiman Marcus Group for a total enterprise value of $2.7 billion. This acquisition brings together the...

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