According to reports, the luxury department store Saks has deleted 90 jobs. This is part of the more comprehensive cost reduction measures by the retailer.
Above all, employees are said to be affected: Interior to the trade organization of SAKs, WWD reports on the basis of an internal memo of an anonymous source. This includes the merchandising coordinator: inside and the specialist: inside for digital cosmetics at Neiman Marcus. The specialist magazine stated that the affected people position less than three percent of the employees: in the SAKS Global headquarters and 0.5 percent of the company’s overall workforce. Some employees: The company left the company on August 20, while others are in a transition phase.
The news was communicated to the employee: In a letter from Emily Essner, Chief Commercial Officer from Saks Global. In it she explained that the job cuts were part of the ongoing integration of Neiman Marcus into the SAKS business. In the course of harmonizing the merchandising systems, the company found the opportunity to further simplify its structure, says Essner. Therefore, it was decided to make changes in the teams for brand partnerships, purchasing and merchandise planning.
Regarding the changes in the beauty team, Essner said that Saks was “well positioned in order to further improve and personalize the shopping experience through other existing offers”. You focus on “scalable and profitable service strategies”.
After taking the Neiman Marcus Group by SAK, the retailer implemented a number of strategies to reduce costs and return to a more stable financial situation. Already at the beginning of the year there were reports that the company, which is now known as SAKS globally, wants to reduce a number of jobs. It was said that the company was planning to relieve 550 employees: to be released inside.
Fashionunited asked Saks Global to comment on this recent round of job cancellations.
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