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Sak's Fifth Avenue

Business
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Luxury department store Saks Fifth Avenue has acquired rival Neiman Marcus, with Amazon jumping on board with a stake in the newly combined company. HBC, the parent company of Saks, entered into an agreement to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.  As part of the deal, Amazon will provide logistics in what HBC says will be a "technology-powered luxury retail company." “We're thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus, and Ber…

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by Joe Lombardi
Police & Fire
Duo Wanted For Fairfield County Smash-Grab Saks Fifth Avenue Burglary Nabbed In Westchester Duo Wanted For Fairfield County Smash-Grab Saks Fifth Avenue Burglary Nabbed In Westchester
Duo Wanted For Fairfield County Smash-Grab Saks Fifth Avenue Burglary Nabbed In Westchester Two men have been arrested for allegedly smashing their car through the front of a Saks Fifth Avenue store and making off with merchandise. The incident took place in Greenwich around 3:30 a.m., Friday, Sept. 2 on Greenwich Avenue. According to Capt. Mark E. Zuccerella, of the Greenwich Police, officers responded to the store located at 205 Greenwich Ave., after being notified that a vehicle had driven into the front doors and the vehicle occupants were currently stealing items from within the store. The suspects, identified as Alton Jackson, age 36, and Mykukn Smith, age 28, both of Chic…

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by Kathy Reakes
Business
Some NYC Businesses Board Up Ahead Of Election Day Some NYC Businesses Board Up Ahead Of Election Day
Some NYC Businesses Board Up Ahead Of Election Day Some New York City business owners are preparing for potential unrest due to the 2020 presidential election and are taking steps to ensure their storefronts are safe from potential civil disturbances. With what is expected to be one of the most heated elections in history, some store owners in parts of Manhattan have boarded up windows and doors in case there are any demonstrations in advance of voting on Tuesday, Nov. 3. Related story - Here's Percentage Of Americans Who Say 2020 Election Day Will Be Most Stressful Of Their Lives According to reports, among the businesses to begin boardin…

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by Zak Failla
Business
Luxury Retailer Barneys Sets Closing Date For Its Stores Luxury Retailer Barneys Sets Closing Date For Its Stores
Luxury Retailer Barneys Sets Closing Date For Its Stores Barneys New York luxury goods stores and its corporate office will officially be closed later this month, costing hundreds of jobs after the company went bankrupt. The once iconic luxury retailer will shutter the doors of 15 stores across the country as of Sunday, Feb. 23, with 719 employees losing their jobs, according to the New York State Department of Labor. According to reports, any employee at the 97-year-old chain who has worked for the company at least two years received five-weeks severance, though workers did not receive accrued vacation time. The closures come after Barneys file…

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by Zak Failla
Business
Card Data Stolen From 5 Million Lord & Taylor, Saks Fifth Avenue Customers Card Data Stolen From 5 Million Lord & Taylor, Saks Fifth Avenue Customers
Card Data Stolen From 5 Million Lord & Taylor, Saks Fifth Avenue Customers Two of the nation's premier department stores suffered a security breach that has compromised credit and debit card as well as personal information for more than five million customers. About 125,000 cards used at Lord & Taylor and Saks Fifth Avenue have been released for sale so far on dark web forums, according to Gemini Advisory, a New York-based cyber-security firm. For a notice about the breach published by Gemini Advisory, click here. A spokesman for the Hudson's Bay Company, which owns both chain stores, confirmed the breach and released separate statements for customers of both…

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by Daily Voice