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.

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 ...

Saks Global says it is closing two U.S. offices as it consolidates its corporate footprint after a merger of several luxury brands. Saks Global spokesperson Nicole Schoenberg says the offices are ...

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.

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 ...

Saks Global closed the Dallas corporate headquarters of Neiman Marcus on Friday in a cost-saving move, but the landlord said it doesn’t “believe” the lease can be terminated. Saks — which ...

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 ...

DALLAS — Neiman Marcus, which has been a storied presence in Dallas for more than 100 years, confirms that it is closing its Dallas offices less than a year after the luxury retail chain’s ...

On Friday, Saks Global CEO Marc Metrick sent a memo to all vendors stating that the company would be changing its operations and “breaking the traditional multi-brand model to drive growth for Saks ...

Saks Fifth Avenue told vendors in a letter Friday that it will take more than a year to pay unpaid bills, a sign of the difficult outlook facing US department stores and the brands they work with ...

The marriage of Saks Fifth Avenue and Neiman Marcus was supposed to create a luxury powerhouse. Instead the newlywed retailers warned Friday that it will take time to pay off their unpaid bills.