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Pam Danziger reports on retail, focused on the luxury consumer market. Saks has decided to close Neiman Marcus’ Dallas headquarters office in a cost-saving move, the Dallas Morning News reported.

Following months of unease, luxury retailer Saks Fifth Avenue is in hot water yet again. It was recently reported that Saks owed many of its brands upwards of hundreds of thousands of dollars.

The owner of Saks Fifth Avenue said it will shut down Neiman Marcus’s century-old flagship store — just two months after acquiring its longtime luxury rival in a blockbuster merger.

Steve Dennis is a top retail influencer, strategic advisor and author. Nearly five years ago I wrote that a Saks/Neiman Marcus merger seemed inevitable. I didn’t see this as an exciting ...

Luxury retailer Saks cautioning suppliers about payment delays in a memo obtained by The Wall Street Journal. The Feb. 14 memo promised suppliers that new orders would be paid within 80 days of ...

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. The ...

City officials and members of a group of local city and business leaders called the Dallas Consortium for the Downtown Neiman Marcus said they planned to meet with Saks Global executives Wednesday ...

CINCINNATI, Feb. 24, 2025 /PRNewswire/ -- Lakeview Farms, a portfolio company of CapVest Partners LLP ("CapVest"), today announced the successful completion of its merger with noosa Holdings ...

However, hours later, Neiman owner Saks Global said its plans to close the store at the end of March have not changed. “Given our role in the Dallas community, we are working to schedule a ...

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 ...

Neiman Marcus shuttered its gigantic three-floor office in Dallas as a cost-cutting measure by owner Saks Global. The Dallas-based luxury department store chain has been a mainstay in the area ...