Neiman, Saks seek expansion capital

Neiman Marcus and Saks Fifth Ave. survived the economic downturn and came back strong, and both are now seeking new sources of capital to expand amid a changed landscape that includes online discount rivals such as Gilt and Rue La La. For Saks the solution could be selling itself to Lord & Taylor parent Hudson’s Bay, while Neiman Marcus’ owners are planning an IPO. Read the USA Today story here.

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