Saks Global Cuts Stores, Boosts Shipments
Saks Global, parent of Saks Fifth Avenue and Neiman Marcus, is closing more stores amid bankruptcy, focusing on top earners and debt reduction. Twelve Saks Fifth Avenue and three Neiman Marcus stores will shut down by May, leaving thirteen Saks Fifth Avenue and thirty-two Neiman Marcus locations. Despite closures, five hundred brands have resumed shipments, releasing nearly one point three billion dollars in retail receipts, covering over eighty percent of inventory from February to April.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/75ac535ae23bca70
Oil Prices Surge as Iran-US War Escalates
Girl's Death Sparks School Bullying Lawsuit
37 Missing Teens Rescued in Anti-Trafficking Operation
Jeffries Pushes for Orange County Veterans Cemetery
Rattlesnake Bite Kills Costa Mesa Man, Family Seeks Justice
U.S. Strike on Iran School: Senators Demand Answers
Fox Stows Away on Cargo Ship, Finds Home at Bronx Zoo
California's $15B Unclaimed Property: Nonprofits Miss Out
DHS Funding Standoff Causes Airport Delays
Trump Administration Launches New Trade Probe
Iran Drone Threat: FBI Warns California
2nd Death at Adelanto ICE Center: Family Seeks Answers
Trump's Texas Senate Endorsement: Cornyn vs Paxton