By
Bloomberg
Printed
February 25, 2025
Saks World is shedding round 5% of its US company workforce, in accordance with an individual conversant in the plan, because the division retailer integrates its latest acquisition Neiman Marcus.
Neiman Marcus
A Saks World spokesperson mentioned the corporate is “continuing the integration process following our recent acquisition of Neiman Marcus Group by consolidating functional leadership, clarifying key decision makers and beginning to simplify our organizational structure.”
Saks World may “lose more sales to peers Bloomingdale’s and Nordstrom this year as it repositions the newly merged units, shutters select stores and seeks to repay past-due vendor balances,” Bloomberg Intelligence analyst Mary Ross Gilbert wrote in a latest analysis word.
