When unity doesn’t bring strenght: declining sales for Saks and Neiman

When unity doesn’t bring strenght: declining sales for Saks and Neiman

The merger of Saks Fifth Avenue and Neiman Marcus last year with a $2.7 billion investment was supposed to consolidate the group’s position as a benchmark in the luxury industry. Instead, it seems, unity doesn’t bring strength. Indeed, months later, the signs are anything but positive. The two chains are losing ground to competitors such…

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