Saks Global Shuts Down More Stores, Trims Operations
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Saks Global, parent of Saks Fifth Avenue and Neiman Marcus, is closing twenty-four stores amidst bankruptcy, reducing debt and focusing on top earners. Despite this, five hundred brands have resumed shipping, unlocking over one billion dollars in payments. Saks will retain twelve Saks Off Fifth outlets to clear inventory, indicating a leaner future.
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