I just read read that saks will file bankruptcy this week.
Does anyone know what is going on with that store? Even before Covid, it kept getting delayed and I wonder if the company is just going to pull out of that mall entirely now.
Expect layoffs and pay cuts by December 2020
Is Saks doing the same thing as Macy's
Not accepting guilt, still noting it got chaotic: https://nypost.com/2017/12/06/saks-fifth-avenue-owner-admits-summer-layoffs-sparked-chaos/
All over news today; http://money.cnn.com/2017/06/08/news/companies/hudsons-bay-saks-lord-and-taylor-layoffs/index.html
Saks just initiated another round of job cuts. Marketing, HR, and Sales Manager positions were eliminated across the chain.
Come and work for us
Saks will be looking at resources in corporate in 2014, we are in a savings mode and you'll see some cost cutting very soon. Many of our peers already went thru this and be no surprised if Saks follows the pattern. There is a ton of dead wood in... — read more
last year out store in Illinois was closed and 50+ folks were let go... Highland Park store...
gotta agree here - saks is hurting, it's hurting big time and i am not sure, that it will survive this turmoil. saks is slow to move and i think our strategic direction has been set in a wrong manner...