Saks loses ground as Bloomingdale’s and Nordstrom gain post–Neiman Marcus deal
By Bloomberg Published July 7, 2025 The $2.7 billion acquisition of Neiman Marcus by Saks Fifth Avenue’s owner last year was intended to create a new luxury retail leader. Instead, Saks Global, the name of the combined group, is facing declining sales, payment delays, and increased competition from rivals such as Bloomingdale’s and Nordstrom. A…