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Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
finance.yahoo.com/news/saks-ceding-ground-luxury-rivals-150738897.html
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(Bloomberg) -- The $2.7 billion acquisition of Neiman Marcus by Saks Fifth Avenue’s owner last year was supposed to create a luxury powerhouse. Instead, both department stores are losing customers and sales to competitors including Bloomingdale’s and Nordstrom.
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This story appeared on finance.yahoo.com, 2025-07-07 15:07:38.