Renee Anderson is a digital producer at CBS New York, where she covers breaking news and other local stories. Before joining the team in 2016, Renee worked at WMUR-TV. For years, the department store ...

Luxury retailers Saks Fifth Avenue and Neiman Marcus have suffered double-digit sales declines since their blockbuster merger last year — while downmarket rivals Bloomingdales and Nordstrom have seen ...

One of the most popular signs of the holidays in New York City is no more. Saks will not put on its typical light show on the building's Fifth Avenue façade this holiday season, the company confirmed ...

Forbes contributors publish independent expert analyses and insights. I write about retail and the forces that are redefining shopping. Chanel Iman and Davon Godchaux at a Saks Social Club celebratory ...

Luxury retailer Saks secured a $600 million cash boost from a group of its bondholders, according to a report. The two-part deal stipulates that the first $300 million will be given right away by ...

Two of the biggest luxury department store chains in the country are joining forces, with a boost from Amazon. The owner of Saks Fifth Avenue has agreed to buy rival Neiman Marcus Group for $2.65 ...

Discounted luxury retailer Saks Off 5th will split its brick-and-mortar stores from its e-commerce business in a deal that values its digital enterprise as a $1 billion stand-alone entity, the company ...

The holiday season is always make or break in retail — but that goes doubly so for Saks Global this year. The retailer closed on its $2.7 billion deal to buy Neiman Marcus Group just two days before ...

Saks Off 5th, the discount sister brand of luxury department store Saks Fifth Avenue, is planning to close nine stores across the U.S. beginning early next year. The retailer – which operates roughly ...

GRAND PRAIRIE, Texas — Trybus Group CEO and President Gary Adelman was frustrated to read the news of Saks Global completing its billion-dollar purchase of Dallas-based Neiman Marcus in December when ...