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Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus | BoF
https://www.businessoffashion.com/articles/retail/saks-is-ceding-ground-to-luxury-rivals-after-buying-neiman-marcus/
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The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.