Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to a downturn in its business, the New York Post reported Monday (Aug. 28), citing unnamed sources. Neiman Marcus and Saks Fifth Avenue...
Today in retail, paper couponing is bouncing back to join digital savings programs, while lower grocery budgets mean shoppers are shying away from name brands. Plus, Sonic Automotive adds a retail hub location in Raleigh, North Carolina, and retailers are pushing forward with “store of...
The online luxury retail space got a big new player Tuesday (April 5), when U.K.-based Farfetch said it was investing $200 million into Neiman Marcus’ digital growth and operations, while also re-platforming the website and mobile app of the 115-year-old brand’s Bergdorf Goodman unit. In...
Neiman Marcus Group has announced that Darcy Penick is the new President of Bergdorf Goodman. Penick will begin her new position on September 4, reporting directly to Geoffroy van Raemdonck, chief executive officer, Neiman Marcus Group. Before joining Neiman Marcus Group, Penick was the chief...
February 12, 2024
As luxury brands increasingly find ways to create direct relationships with their customers, high-end department store chains are facing new challenges. Ralph Lauren, for its part, reported Thursday (Feb. 8) that it saw global direct-to-consumer (D2C) comparable store sales rise 9% in the third quarter of fiscal year 2024, gaining 1.7 million new D2C customers. […]
August 28, 2023
Luxury retailers Neiman Marcus and Saks Fifth Avenue are reportedly in talks to merge. This potential merger comes as Neiman Marcus has been actively seeking a buyer due to a downturn in its business, the New York Post reported Monday (Aug. 28), citing unnamed sources. Neiman Marcus and Saks Fifth Avenue did not immediately reply to PYMNTS’ request for comment. Neiman […]
June 27, 2018
Neiman Marcus Group has announced that Darcy Penick is the new President of Bergdorf Goodman. Penick will begin her new position on September 4, reporting directly to Geoffroy van Raemdonck,...
November 07, 2014
ShopRunner announced Thursday (Nov. 6) that it has expanded its E-commerce presence through a new partnership that will connect more U.S. retailers with online shoppers in China. This partnership with...
