Business

Saks to close stores amid bankruptcy proceedings

Saks Global Enterprises said on Tuesday that it will close nine stores as it shifts its focus to more profitable locations. The company said eight Saks Fifth Avenue locations and one Neiman Marcus store will close.”By optimizing our operational footprint, we will be better positioned to deliver exceptional products, elevated…

Target cuts 500 jobs, invests more money in store staffing

Target on Monday took steps toward streamlining its retail model by putting more money toward frontline store employees while cutting about 500 office and supply chain jobs. The retail giant indicated in an internal memo seen by FOX Business that it will reduce the number of store districts – which…

Data breach exposes personal data of 25M Americans

A data breach that impacted a major government tech contractor is now believed to be significantly larger than initially thought, with more than 25 million Americans affected. Conduent, a business technology firm that provides a variety of services like medical billing, toll transactions and processing prepaid cards for government programs, experienced…