Saks Global announces 15 more store closures, expands vendor base to 500

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Dive Insight: When Saks Fifth Avenue and Neiman Marcus Group closed on their $2.7 billion merger deal in late 2024, the luxury rivals’ fleets were more or less the same size. This bankruptcy process has chipped away at Saks Fifth Avenue’s fleet, though, as plans are to end up with 32 Neiman Marcus locations and just 13 Saks Fifth Avenue locations. The ...