Pam Danziger reports on retail, focused on the luxury consumer market. Saks has decided to close Neiman Marcus’ Dallas headquarters office in a cost-saving move, the Dallas Morning News reported.

Following months of unease, luxury retailer Saks Fifth Avenue is in hot water yet again. It was recently reported that Saks owed many of its brands upwards of hundreds of thousands of dollars.

The marriage of Saks Fifth Avenue and Neiman Marcus was supposed to create a luxury powerhouse. Instead the newlywed retailers warned Friday that it will take time to pay off their unpaid bills.

The owner of Saks Fifth Avenue said it will shut down Neiman Marcus’s century-old flagship store — just two months after acquiring its longtime luxury rival in a blockbuster merger.

Luxury retailer Saks cautioning suppliers about payment delays in a memo obtained by The Wall Street Journal. The Feb. 14 memo promised suppliers that new orders would be paid within 80 days of ...

Steve Dennis is a top retail influencer, strategic advisor and author. Nearly five years ago I wrote that a Saks/Neiman Marcus merger seemed inevitable. I didn’t see this as an exciting ...

Saks Fifth Avenue told vendors in a letter Friday that it will take more than a year to pay unpaid bills, a sign of the difficult outlook facing US department stores and the brands they work with ...

Saks Global says its decision to close its landmark Neiman Marcus store in Downtown Dallas is final, despite the city's acquisition of disputed land and public "pressure" to change their strategy.

Jacob Javits' former New York City duplex returns to market for $5.99 million after a price chop. Tina Gallo for Douglas Elliman This Sutton Place duplex, once the home of the late Sen.

Saks Global closed the Dallas corporate headquarters of Neiman Marcus on Friday in a cost-saving move, but the landlord said it doesn’t “believe” the lease can be terminated. Saks — which ...

City officials and members of a group of local city and business leaders called the Dallas Consortium for the Downtown Neiman Marcus said they planned to meet with Saks Global executives Wednesday ...

Neiman Marcus shuttered its gigantic three-floor office in Dallas as a cost-cutting measure by owner Saks Global. The Dallas-based luxury department store chain has been a mainstay in the area ...