Saks CEO steps down as luxury retailer struggles under heavy debt load
Saks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, effective immediately
Last updated: 2026-01-02 20:28:49 ET
Saks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, effective immediately
"After nearly three decades with Saks, I will be stepping down as chief executive officer," Marc Metrick said in a statement.
The company was created in July 2024 after Hudson's Bay Company acquired Neiman Marcus.
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