Saks will buy Neiman’s. Then sell off the real estate. If you are from the south and of a certain age then you remember when Macys purchased Rich’s in the late 90s, they closed all the Macys stores located next to Rich’s and turned the Rich’s into Macys…it took about two years…but malls with both a macys and Rich’s consolidated to one store….the same thing will happen here.
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The stores will be analyzed to death - if they haven't been already - and some will close. Leases and actual ownership will have a lot to do with it.
There are many overlapping locations.
Boston, Tysons, Troy, Boca Raton, Bal Harbour, Houston, Las Vegas, St. Louis are under the same roof and San Francisco, Beverly Hills, Chicago are within a few blocks of each other.
But these are all solid locations. I can’t see Saks closing profitable stores just for the sake of closing.