#retail-merger

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#costco #price-club #membership-model #saks-global #layoffs #neiman-marcus #cost-reduction
fromTasting Table
1 week ago

How Costco Got Its Unforgettable Name - Tasting Table

The first Price Club warehouse sold exclusively to small businesses, but quickly realized it would earn more selling bulk items to everyday consumers with a membership. It was named after founder Sol Price while also referencing the chain's low prices. Price Club was the first of its kind, but it was quickly followed up when Jim Sinegal and Jeff Brotman opened the first Costco location in 1983.
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fromWWD
4 months ago

Exclusive: Saks Global Cuts Close to 900 Workers in Latest Consolidation Effort

Saks Global is laying off 550 workers to optimize operations following the Neiman Marcus acquisition.
The layoffs aim to reduce annual costs by $500 million.
These cuts focus on overlapping roles in various departments post-merger.
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