Saks Global’s overdue payments problem reportedly continues to plague the department store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction that was announced June 27 is “tantamount to a default.” Get the Full Story Complete the form to unlock this...
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 to terminate the occupancy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
October 11, 2024
The luxury goods market is witnessing a notable trend toward strategic partnerships. Rather than retreating in the face of challenges, industry players are doubling down on collaboration to fortify their positions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins […]
August 15, 2025
Saks Fifth Avenue’s new “hyper-personalized” homepage in its online and mobile app experience has improved conversion by nearly 10% and boosted revenue per visitor by 7%, according to the luxury retailer’s parent company, Saks Global. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content […]
August 10, 2025
Saks Global’s overdue payments problem reportedly continues to plague the department store. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
July 11, 2025
S&P Global Ratings has downgraded its issuer credit rating on Saks Global Enterprises from “CCC+” to “CC,” saying the luxury retailer’s proposed $600 million financing transaction that was announced June 27...
February 19, 2025
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 to terminate the occupancy. Get...
