Saks Global and the City of Dallas to Explore Reimagination of the Neiman Marcus Downtown Dallas Building
Today, Saks Global announced it will continue operations of the Neiman Marcus Downtown Dallas store through the 2025 Holiday season while it explores a reimagination of the location in collaboration with the City of Dallas. City officials met with Saks Global leadership to discuss the potential of a new, innovative format to serve its customers and the community while supporting the resurgence of Downtown Dallas.
Saks Global Responds to False Rumors About Neiman Marcus Downtown Dallas Store
Saks Global today reiterated that the Neiman Marcus Downtown Dallas store will close on March 31, 2025, contrary to reports.
Saks Global Luxury Pulse Finds Increasing Interest in Personalization and AI
Saks Global, the largest multi-brand luxury retailer in the world, has unveiled its Saks Global Luxury Pulse survey with insights into consumer sentiment towards the economic environment and preferences for personalized shopping experiences. Overall, the survey revealed that the luxury consumer is feeling less optimistic about the economy, however, they remain engaged in luxury shopping. The majority of respondents (58%) indicated plans to continue spending the same or more on luxury, and 94% said they are likely to engage in activities that will help to better personalize their shopping experience.
Saks Global Completes Acquisition of Neiman Marcus Group
Saks Global, a leading luxury retail and real estate company, has finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value of $2.7 billion. Saks Global now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH, each continuing to serve customers under their own brand.
Authentic Brands Group and Saks Global Launch New Luxury Platform: Authentic Luxury Group
Authentic Brands Group (Authentic), a global brand development, marketing, and entertainment platform, and Saks Global, a combination of world-class luxury retailers, including Saks Fifth Avenue and Saks OFF 5TH, are partnering to launch a new joint venture, Authentic Luxury Group (ALG). Housing Authentic-owned luxury and accessible luxury brands, including Barneys New York, Judith Leiber Couture, Hervé Léger and Vince, this innovative venture is centered on the goal of redefining and expanding the modern luxury experience for customers worldwide.
