All over news today; http://money.cnn.com/2017/06/08/news/companies/hudsons-bay-saks-lord-and-taylor-layoffs/index.html

Saks just initiated another round of job cuts. Marketing, HR, and Sales Manager positions were eliminated across the chain.

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Saks will be looking at resources in corporate in 2014, we are in a savings mode and you'll see some cost cutting very soon. Many of our peers already went thru this and be no surprised if Saks follows the pattern. There is a ton of dead wood in... — read more 

last year out store in Illinois was closed and 50+ folks were let go... Highland Park store...

gotta agree here - saks is hurting, it's hurting big time and i am not sure, that it will survive this turmoil. saks is slow to move and i think our strategic direction has been set in a wrong manner...