Saks Fifth Avenue and Neiman Marcus Have Agreed to a Blockbuster Merger.

Summary

“This is just the latest development in a struggling brick and mortar retail environment,” says Business Analyst and president of Business Consulting Firm ‘7 Stage Advisors’ in Butler, NJ Carl Gould (see short bio below). “It’s no secret that retail, with the possible exception of stores carrying lower end options, has been affected and will continue to be affected by the ease of online purchases and resale sites.”