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TD Cowen: Saks-Neiman Deal Likely a Boon to Both Retailers Amid Brand Moves to DTC

By Yahoo! Finance   |   Jul 5, 2024 at 06:06 PM EST
TD Cowen: Saks-Neiman Deal Likely a Boon to Both Retailers Amid Brand Moves to DTC

The $2.65-billion Saks and Neiman Marcus merger, supported by luxury retail shifts to direct-to-consumer models, awaits FTC approval. Analyst Oliver Chen sees potential for growth and innovation in the luxury retail industry.

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