Saks
After a Year of High-stakes Financing, Saks Turns Back to High-stakes Retailing
The luxury department store has access to the funds it needs to operate now; the question is how well it will…
Saks Global Bolsters Its Finances, Secures $600 Million in Commitments
The luxury retailer has a $120 million interest payment on bonds that is due on Monday.
Saks Global Extends Partnership With NuOrder to Neiman Marcus and Bergdorf Goodman
NuOrder's B2B marketplace lists 4,000 brands and helps streamline the ordering process.
Saks Global Report: Intent to Spend on Luxury Softens
Through its quarterly "Luxury Pulse" survey, the retailer gets into the heads of luxury shoppers across the…
Saks Said to Pursue Joint Venture to Expand Bergdorf Goodman
Saks picked up the uber luxe Bergdorf's as part of its $2.7 billion buyout of Neiman Marcus.
Saks Global Hits ‘Turning Point,’ According to CEO Marc Metrick
With a new credit agreement in hand and 2024 results in the books, Metrick told WWD, "We cleared the air and…
Saks Secures $350M in Financing to ‘Fortify’ Balance Sheet
The retailer gained a little breathing room as it faces a key interest payment and looks to reset the luxury…
Lender Pathlight Sues Saks After Clearing the Way for the Neiman’s Deal
Pathlight says Saks owes it $8.8 million, while Saks claims the lender refused to support Hudson's Bay and it…
Saks Global’s Emily Essner on Navigating Luxury Amid Uncertainty
Saks' chief commercial officer discussed the retailer's focus on tailored experiences, economic challenges…
Brands, Retailers Navigate Changes at World Retail Congress
The conference in London featured talks from Saks, Todd Snyder, Estée Lauder and By Rotation.
Richard Baker Confirms Saks Global to Cut Up to 600 Vendors
At the World Retail Congress, Baker said the group will move toward "controlled brands" with larger margins…
Saks Global’s ‘Tight Liquidity’ Has S&P Reconsidering Its Credit Rating
The debt rating agency put Saks' "CCC-plus" rating on credit watch negative and reiterated that its capital…
Tracy Margolies Got Her Start as a Bergdorf Goodman Intern — Now She’s President of the Storied New York Retailer
The move was revealed this week as part of Saks Global's $2.7 billion acquisition of Neiman Marcus Group.
From Intern to Chief Merchandising Officer, Tracy Margolies Has Been at the Center of the Department Store World for Two Decades
The beloved executive will receive the Hall of Fame Award at the FNAAs on Nov. 29.
Fashion Flats and Kitten Heels Are the Trending Shoes for Spring ’24, According to Top Retailers
Footwear trends are moving at a frenetic pace.