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Key Performance Metrick

Since last year’s Saks-Neiman marriage, Saks Global C.E.O. Marc Metrick has become the company’s convenient villain, blamed for withheld payments, layoffs, and store closures. Herewith, Metrick explains himself as he steers Saks Global through a rocky merger.

Marc Metrick
Over the past five months, Saks Global C.E.O. Marc Metrick has faced a series of threats to his empire: Not only does he still owe brands a tremendous amount of money, but he’s also reckoning with the fall of Hudson’s Bay Company in Canada, the closure of Neiman Marcus’s historic downtown Dallas location (a P.R. disaster), waves of layoffs, tariffs, and global recession fears.
Lauren Sherman
April 14, 2025

One of the biggest stories of 2025 was supposed to be the integration of Saks Fifth Avenue and Neiman Marcus. And it has been a huge story, though not for the right reasons. Brands had been optimistic that they would quickly receive back-payments for the millions of dollars that some were owed from Saks Fifth Avenue and Saks.com. After all, Saks Global chairman Richard Baker raised $2.7 billion to close the deal last summer.