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Saks Global moved to consolidate its business this week, laying off hundreds of workers across its corporate offices, stores and a fulfilment centre in Tennessee, according to various media reports.
The department store group, which closed its acquisition of Neiman Marcus Group in December, will eliminate 3 percent of its total employees, or about 550 roles, Women’s Wear Daily reported Tuesday, citing sources familiar with the situation. More than half of the layoffs will be in corporate…
