Exclusive: Saks Global Cuts Close to 900 Workers in Latest Consolidation EffortSaks Global is laying off 550 workers to optimize operations following the Neiman Marcus acquisition.The layoffs aim to reduce annual costs by $500 million.These cuts focus on overlapping roles in various departments post-merger.
Modern Retail Rundown: J.C. Penney merges with Sparc, Amazon's new retail ad service & Target doubles down on wellnessJ.C. Penney merges with Sparc Group to create Catalyst Brands, signaling a fresh start in fashion retail.
Lucky, Forever 21 operator merges with JCPenneySPARC Group and JCPenney merge to form Catalyst Brands, enhancing retail performance and brand value.