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Saks center to cut 191 jobs at distribution center in Aberdeen
Nearly 200 people will lose their jobs after the New Year at a Saks Inc. distribution center in Aberdeen, according to a notice filed Wednesday with the state Department of Labor, Licensing and Regulation.
Owners of Neiman Marcus sell chain for $6 billion
NEW YORK — Luxury merchant Neiman Marcus is getting a new owner. Ares Management and Canadian Pension Plan Investment Board announced Monday they are buying the luxury chain Neiman Marcus for $6 billion. The two new owners will hold an equal economic interest in Neiman Marcus, and the company’s management will retain a minority stake. […]
Retailers report tepid sales for June
NEW YORK — Retailers could be sweating it out this summer. Shoppers, worried about jobs and the economy, pulled back on spending in June, slowing sales for most retailers to the weakest pace since 2009. And that could leave merchants on edge, wondering if Americans will spend more when the back-to-school season starts in late […]
Holiday discounts crimp retailers’ profits
NEW YORK — Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants had to mark down coats and other gifts to get shoppers to buy in a challenging economy. A mild start to winter also didn’t help, […]
Greater Baltimore Board of Realtors’ new executive VP, all about helping Realtors
This week, the Greater Baltimore Board of Realtors announced that Dwayne Carte was hired as the new executive vice president of the 3,400-member nonprofit. Carte, 47, is a Realtor and a national motivational speaker and business coach from Minneapolis. He will officially join the Lutherville office on Nov. 21, replacing Joseph T. “Jody” Landers III, […]
Holiday window displays in NYC range from tech to traditional
NEW YORK — It’s a Christmastime tradition for shoppers, New Yorkers and tourists alike: Checking out store windows decorated for the holidays. Many of this year’s windows use high-tech displays to showcase traditional stories and symbols of the season. At Saks Fifth Avenue, at Fifth Avenue near 49th Street, digital projectors beam images of translucent […]
High-end retailers giving away thousands of dollars
How desperate are high-end retailers? They’re so hungry for customers this holiday season, they’re willing to literally give away thousands of dollars to shoppers who buy something from their Web site. The promotion is called “Mystery Money” — those who are on stores’ e-mail lists are sent a gift card number, but the dollar amount […]
