Saks Global is set to shutter a fulfillment center in Tennessee and will lay off 450 employees effective on June 4, 2025, based on a WARN Notice that was filed by the company. Further information on the job layoffs remains undisclosed.
The job layoffs align with the company’s goal to further consolidate its business operations.
This announcement comes on the heels of the department store retailer’s decision to lay off 5% of its corporate workforce in February as part of its plans to streamline its operations.
It joins the growing list of retailers laying off jobs and downsizing due to the increasing economic pressures from tariffs and inflation.
A banner under its portfolio, Hudson’s Bay, also announced plans to cut off 200 corporate jobs earlier in April.
A Hudson’s Bay spokesperson said, “This is a difficult reality of the restructuring process, and we are committed to treating associates impacted by these changes with respect and support.”
This news follows the Canadian retailer’s decision to file for bankruptcy in March, stating it was struggling to pay suppliers and staff.
Hudson’s Bay Canada also blamed the impact of additional tariffs as a reason for its most recent financial struggles in its bankruptcy filing.
Saks Fifth Avenue’s parent company Hudson’s Bay Company acquired Neiman Marcus Group for $2.7 billion at the end of December 2024 as a part of its expansion plans.
Following the acquisition, it consolidated its portfolio to form Saks Global, a large-scale luxury retailer.
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