What happens when you blend luxury retail giants, a pandemic and the rise of e-commerce? You get the new Saks Global. That is, I’m sure you may have heard by now that Saks Fifth Avenue bought Neiman Marcus for $2.65 billion dollars. Amazon has thrown their weight around joining the merger as they have tried brick-and-mortar stores Amazon Style to no success. Amazon will probably help streamline the stores, but will it take away the identities of such luxury dealers? 

I used to go to Bergdorf Goodman when I was living in Manhattan and always made my way to the 5th floor pausing to eat at the lovely restaurant on the 7th floor. Shopping there was a special experience like no other, in my opinion. How will Saks Fifth Avenue preserve the uniqueness and originality associated with buying from Bergdorf Goodman? I remember when Amazon took over Whole Foods and while some things have changed, Whole Foods still sources locally and features smaller brands.

What do you think will happen with the new Saks Global?

Sincerely,

“Fashionably-Late”

Malinda F. Knowles