Saks Global retreats from off price, closing most stores and all e-commerce
Just a dozen Saks Off 5th locations will stay open, and they’ll sell only residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.
Related Articles
Who controls Saks Global’s IP?
Authentic Brands Group now owns 77% of the entity that controls a perpetual master license to Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.
Saks Global announces 15 more store closures, expands vendor base to 500
Three Neiman Marcus and 12 Saks Fifth Avenue locations will shutter. The luxury company, which is in bankruptcy court, said its fleet is likely now…
Bed Bath & Beyond will operate stores in California after all
The company will run a dozen combined The Container Store and Bed Bath & Beyond store formats in the state, despite Marcus Lemonis’ previous stance.
Saks Global brings back Neiman Marcus exec to oversee marketing, e-commerce
Cheryl Han, who joined Saks Global’s leadership early last year but left months later, has taken the dual role of chief marketing and digital officer.
Saks Global to shutter 9 full-line stores
Saks Fifth Avenue is taking the brunt of the plans, with eight stores on the list. The company told the bankruptcy court further closures may…