Editor
The merger of Saks Fifth Avenue and Neiman Marcus represents the most dramatic change to the American department store landscape since the formation of Macy’s two decades ago. Whether that will be enough to solve the sector’s mounting problems is an open question. The Wall Street Journal first reported the news Wednesday afternoon.
Saks-owner HBC, or Hudson’s Bay Company, has inked a long-awaited deal to absorb Neiman Marcus Group in a…
