In the battle of Saks vs. customers, vendors and Dallas — Nordstrom wins [Yahoo! Finance]
Nordstrom, Inc. (JWN)
Last nordstrom, inc. earnings: 3/3 04:05 pm
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Source: Yahoo! Finance
For the last several months Saks Global has vexed customers, suppliers and the city of Dallas , if not the whole state of Texas. Saks executives appear to be at war with civic leaders in Dallas who scrambled to solve a lease issue they had blamed for the closure of the beloved Neiman Marcus flagship; with vendors who haven't been paid, yet risk losing their standing if they refuse to ship inventory; and with customers who complain of dismal service. In doing so the company, formed at the end of last year when Saks parent HBC acquired Neiman Marcus and Bergdorf Goodman for $2.7 billion, is flirting with handing over market share to its rivals. “As Saks digests its Neiman Marcus acquisition, which closed in December, it could continue losing sales to peers including Bloomingdale's and Nordstrom, particularly as some vendors still wait for payments on shipments made since 2023, with plans to pay the overdue balances over 12 months,” Bloomberg Intelligence Senior Industry Analyst Mar
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