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The Latest Breaking News from Marc Metrick

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion,

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

The Independent UK

Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon

The deal was reportedly sealed with some help from Amazon, which is taking a minority stake in the newly-formed group Saks Global

The Independent UK

Jennifer Lawrence experiences wardrobe malfunction at Dior event

‘I’m so sorry that was so loud and my belt popped off,’ the actor laughs

The Independent UK

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Market conditions aren't stopping rich consumers from buying luxury goods. Saks's CEO has a theory why

Saks's CEO Marc Metrick isn't new to economic swings and market volatility—nor are his well-heeled customers.

Fortune

Inflation, Recession Fears Have Holiday Shoppers Trading Down

Many shoppers are trading down to less expensive clothing and accessories -- swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties -- as inflation eats into their disposable income and a rocky stock market erodes their wealth.

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