NEW YORK, Jan 8 (Reuters) - The $2.7-billion marriage of Saks and Neiman Marcus was meant to create a powerhouse in the world of luxury department stores, helping it fight competition from online players and rivals such as Bloomingdale's and Nordstrom. A year on, it has instead left the enlarged company contemplating court protection under mounting debt and sluggish store traffic....

01:57 PM EST, 01/08/2026 (MT Newswires) -- HNI (HNI) said Thursday it will close its Wayland, New York, plant in 2027 and shift production to other North American facilities as part of its network optimization strategy. The company expects the consolidation to deliver about $7.5 million to $8.0 million in annual savings, with total cost synergies from the Kimball International...

* Merger saddled Saks with billions of dollars of debt, leading to financial struggles * Saks delayed vendor payments, affecting product availability and sales margins * Saks' real estate valued at $4 billion, future of Fifth Avenue flagship uncertain By Juveria Tabassum and Arriana McLymore NEW YORK, Jan 8 (Reuters) - The $2.7-billion marriage of Saks and Neiman Marcus was...

* US Senate advances war powers resolution * Asked if oversight would last a year, Trump says: 'I would say much longer' * Venezuela releases political prisoners in gesture of peace * Trump to host oil company bosses at White House on Friday WASHINGTON, Jan 8 (Reuters) - The U.S. Senate voted on Thursday to advance a resolution that would...