Chainwide.. My sales definitely are down. Getting rid of many of our buyers without looking at what actually sold has made many of customers have to go online or just say forget it. As we should've had what they wanted. I saw sales at LVMH up here... — read more 

Just saw online how our technology is way behind others .who will gladly take up our sales we could make. Or be assisted with to get extra walk ins our slow stores. I expect the worst of Saks Global and they have delivered accordingly

It's supposed to be open til 2027 but we shAlll see

The hatchet slowly falls...in the news or not. Women's wear daily quotes their stuff verbatim.

Less than 1% of the population can afford luxury goods, clothing and shoes. Let that sink in. So if 300 people walk into a luxury store on any given day, only 3 can truly afford to shop there.

Layoffs around the corners

We’ve had multiple complaints from customers that the handbags they purchased are fakes, most recently a $11,000 handbag. Are all stores getting these complaints?

No surprise here https://www.investing.com/news/company-news/moodys-downgrades-saks-global-to-caa3-outlook-negative-93CH-4149148

https://www.nrdcequity.com/our-team Richard Baker, Founding Partner Jack Baker, Founding Partner Lucas Evans, Managing Partner Edward Dweck, Vice President Nate Quinn, Senior Associate

Just saw on Facebook. After the company lost 232 million last quarter. We are trying to alter terms of our bonds.. how about we just serve people well and gave merchandise they want.. Unreal

The purge of our staff continues. Jewelry is a sizable business for us. Saks really will run us into the ground. He was smart to bail .if he wasn't layed off

Please tell me who would spend $475 for this ‘zero Eva sneaker’. ??? Hahahahha

Didn't think it would start so quick and fast..both GVR and Metrick have set us up to be failures and gutted. Tough times and I'm out of here.

If you read their reports they call it "synergy" No department is safe.. the 1500 layoffs so far are just an appetizer

High end designer luxury goods has their heyday, it was mid 90s to late 2000s, then it slowly started to fade and after Covid it really died…and now in 2025 most people are not spending thousands of dollars on a pair of shoes or $5,000 for a handbag... — read more 

We owe vendors 275 million .No wonder we aren't getting the merchandise that would sell. They had a conference call and wouldn't answer bondholders questions. Meanwhile Bloomingdales and Nordstrom sales are up while ours languish. Pacer AI reported... — read more 

Richard Baker is shifting the deck chairs ... more drama next month.

Saks hires Kirkland & Ellis, PJT to study financing options

Saks Global, facing financial challenges following its acquisition of Neiman Marcus Group, has raised concerns about its ability to make its initial interest payment of $120 million to bondholders at the end of June. The company's bond, due in 2029... — read more 

This will leave Neiman Marcus as the last luxury goods department store in the city. Bloomingdales closed in 2024 and Nordstrom at the Westfield Mall closed in 2023.

The operator of Saks and Neiman Marcus is expected to lay off an estimated 550 employees, as reported by trade magazine WWD, based on sources. This number represents 3 percent of the Saks Global... — read more 

Any news on a new round of layoffs?

Employees of NM/BG/Saks, get your resumes ready. Mr Baker, CEO of Saks Global, has a history of ki-ling off retail brands and his main interest is real estate not investing in his retail brands. Eddie Lambert, CEO of Sears US/Canada and Kmart... — read more 

We all know another round is expected. Just curious what departments are going to be affected the most. HR? Customer service? Warehouse? Logistics? Executive Team? Marketing? ETC…The job outlook in general everywhere is bad but wondering if I should... — read more 

Hudson’s Bay, Canada’s Oldest Retail Chain, Nears Bankruptcy

How many lives have you changed due to your inability to run a business? You got your millions. You've done your damage. Leave us alone.

Supposedly a documentary is in the works with a top filmmaker about Neiman Marcus from the last year Katz was CEO to now, and all its troubles over the last five years, it’s a well known filmmaker showing the juxtaposition between the sales... — read more 

He knew the data. The board knew that nobody would use it. But they all got caught up in getting Five million dollars from Dallas. Short sighted and selfish. Again.

What has she accomplished? She was always envious about NMO and Connect. She couldn't comprehend how CMOS works or ecommerce works. She never understood performance marketing. She had no enterprise experience prior to joining BG. How is the world... — read more 

What is going to happen to the people who worked at Saks and left to go to Neiman Marcus? Will saks let them go now that saks owns Neiman’s? Some say Saks does not want people working there that once jumped ship from them.