Saks Fifth Avenue and Neiman Marcus merger: some pros and cons

0:00 This program is designed to provide general information with regards to the subject matters covered. This information is given with the understanding that neither the hosts, guests, sponsors or station are engaged in rendering any specific and personal medical, financial, legal, counseling, professional service, or any advice. You should seek the services of competent professionals before applying or trying any suggested ideas. Books, PD, products, science, fashion and glam talk from Bollywood to Hollywood. It's Meet and Greet with doctor Afshan Hashmi right here on Kate FORURHD Radio and Talk for TV.

0:44 And here's your host, international speaker, educator, award winning entrepreneur and best selling author, doctor Afshan Hashmi. Hello everyone, this is your loving hole best selling author doctor Raufshan Hashmi live from her studio in Rockville, Maryland, and today we are here live at Meat and Get with Doctor Rubshan Hashmi. And this show is syndicated worldwide to three hundred million listeners and folks. You know. Today I will be talking about some very interesting luxury items, you know, the merger of two companies you know, two luxury brands you know and sax Fifth Avenue and Neiman Marcus.

1:38 But before starting that, let me go and tell you that these are my two books. The first one is The Modern Local Mentality, New Strategies to Succeed in India and the global marketplace. The second one is The Outbreak of a Monstrous Infection. Having said that, folks, you know I will be talking about I want uh documentary to be made of this of my book the Modern Vocal Mentality News Strategies to succeed in India and the global marketplace. And I and I want like all those producers producing documentary please contact me at Tafshan at Dr Rashanhashmi dot com.

2:20 And this book, you know, has a lot of case studies. And when this book came, there was a lot of studies about jugar, the Indian buzz word, and this was an Amazon bestseller and hot number one new release on Amazon. The second one is The Outbreak off Monstrous Infection. And when this book came, you know, there was a lot of research going on on UH like. When this book came, it was before COVID and there was a lot of UH like. In this book, I have talked about bio terrorism, so in a in a very creative way, I have talked about about it and I want a movie to be made out of it. So all those Hollywood and Bollywood and Netflix and Amazon producers please contact me at Upshan at drfshansme dot com. Having said that, folks, now let's talk about lets me go on a break. And this show is syndicated worldwide to three hundred million listeners.

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4:14 Chapter two, How Jugar leads to multi sector sex stories in India, including definitions of the Jugar management, principal business model of the book, the modern mobile mentality, news strategies to succeed in India, and the global marketplace inspiration. True Jugar is an inspiration on how to create products using technology that meet the price value equation. According to a Harvard Business Review article featuring expert prelade Than Marshalker, most innovation programs are built on the assumptions of affluence and abundance.

4:54 We see the rich and the young in both the developed and the developing countries demand funding environmental friendly products and services. They also believe that affordability and sustainability are crucial to driving successful business Today. New technologies and radical business models are important not only to benefit mass markets in India but in the entire world. By reconfigure during all areas of the business structure, they will hould.

5:39 Hey, monsters, infection is spreading worldwide. OMG. Is this a simple infection or deliberate chempt to ruin the human population? Or maybe it's bio terrorism. What is this global infection and who is spreading it? Help us find out. Go to Amazon and search for the break of a Monstrous infection. The human race needs your help to make this go viral. Go to Amazon dot com and read the Outbreak of a Monstrous Infection to find out what happens next. Go now, the world is depending on you.

6:27 And now back to doctor oshon hash mas radio show. So folks, you know, I will go on another break and we'll be back soon. He around this. Give you anything at dot and few thanks. I am like the live in a Country love and I just imited to say that please give consorship. Is the shoes to go on because it's not as far as money to produce these shows. Having said the drinks, give sponsorship. Cheers and why.

7:24 Now now, folks, you know, uh, let's talk about today's topic. Okay, mhm h. The folks article says, you know, today's topic is about Nima Marcus and Sax with avenues luxury brand merger, pross and cons So today I have this study from here the Sacks Neeman Marcus deal, the good, the bad, and the complicated. So it says the news that SAX is buying it's from Forbes, and it says the news that SAX is buying its longtime luxury department store Nemezus.

8:25 Neman Markers seemed invetable for years. In fact, I recently opined in my two twenty four productions that circumstances would finally conspire to make it a reality. Having once been part of Neman Marcus executive leadership, team during a time when the company was valued at double what SAX is now paying. I have many store views about how we got here, what it all means, and where we are likely headed. I attempt to unpack these below. As the saying goes, Denial is not a river in Egypt. The transaction finally acknowledges the reality that the North American luxury brand store model has been under result and in contraction mode for some time. While putting two fairly mediocre companies together does not guarantee remarkable success, it does create the underlying conditions for a better feature. Now I will go on a break and will be that soon.

9:33 Would you love exposure for your business, product or service to over three hundred million potential listeners. Send an email to info at talkformedia dot com and now let's hear from some of our sponsors. A monstrous infection is spreading worldwide. Oh my god. Is this a simple infection or a deliberate attempt to ruin the human population, or maybe it's bioterrorism. What is this global infection and who is spreading it? Help us find out.

10:15 Go to Amazon and search for the outbreak of a monstrous infection. The human race needs your help to make this go viral. Go to Amazon dot com and read the Outbreak of a Monstrous Infection to find out what happens next. Go now, the world is depending on you. The Outbreak of a Monstrous Infection Chapter one, nineteen sixty four to twenty eighteen, and this is the sample track and it is read by doctor Rafshan Nahid Hashmi. In a sprawling bonglaw in Potomac, Maryland, USA, lived doctor Honey Singh, a both certified internal medicine and family practice physician, along with his beautiful wife, Baby Singh. Baby Singh was a fashionista and was funding women's causes through her Honey Bay Foundation.

11:17 She had a lady's book club by the name of Baby's Glam and Glitzy Club, which had many glam and glitzy ladies who were professionals living in Washington, d C. Potomac, Maryland, Virginia, and even Beverly Hills, California, as well as a lead from all of America, meeting at her place on the last Wednesday of every month discussing various aspects of charities they wanted her and doctor Honey to fund. In this club, there was a wide spectrum of career women. There were doctors, lawyers, actresses, business owners, and models, to name a few. In these book club meetings, members would come prepared after reading a book of a famous woman author, and that author was even invited from any part of the world to give her presentation, followed by a Q and A in this prestigious and elite gathering.

12:17 And now doctor Ashan Hashme's radio shows. It is ultimately quite sad that we ended up here. But if the FTC allows the deal to go through, which is far from guaranteed, there are meaningful opportunities to improve all the nameplates caused position, to provide a stronger counterbalance to vendors increasingly powerful positions, and to rationalize and reposition the portfolio of stores and brand offerings to greater competitive advantage and improved gross margins. While it remains unclear the precise role of Amazon and Salesforce as partners in the new entity, both bring potentially powerful financial and technology capital to the table, it pays me is to see Nyman markers go from the clear and iconic leadership position, as well as solid top line growth and a strong profitability, to a place where it has been retrenching and closing stores, was forced to file for bankruptcy and getting sold at a dramatic and appealing haircut from its peak valuation of dollars six billion in twenty thirteen. But this is the price that gets paid for failing to transform at the speed of disruption and for mostly watching the last decade to happen to them. So now, folks, I will go

13:47 on a break and with the back soon. Views around the group. This sist Doctor charm Harder The Life for her radio show at pay four SHB and Talk for a TV show. And I just wanted to request you that Wris, give me a sponsorship if you want to. Want this show to continue. Having set that since, I will see you. In another episode of K four stre radio plus Talk for TV show and if you give me sponsorship, I will give you a very reasonable price.

14:28 And there also you will get a lot of promotion. As this show is syndicated worldwide to more control loost, cheers and bye. But while I fully expect the Neiman, Marcus and Bob Dog brands to be mented, I also anticipate considerable consolidation of roles and responsibilities, most of which will presumably be of SAX New York offices. This is not only means significant can layoffs across Neiman Marcus Group operations, but a likely cutting of the Dallas home office. Neiman Marcus was founded in Dallas one sixteen years ago and has been an increasingly vibrant part of the business and social scene ever since. Having it melded into its once lesser rival is a bitter pillow to slow for employees, clients and a broader fashion and vendor community. So now, folks, I will go on a break and he'll be back soon.

15:31 Around the this is. And with his state and top f and few friends. I am lif merilve in a country club, and I just mensted to say that please give ossip. Shows to go on as far as. One to produce these shows having sat sponsorships and why so now there is a news from geek wire and here it is, and it says Amazon's investment in Sacks Fifth Avenue and NeiMa Marcus is its latest foray into fashion.

16:20 By Todd Bishop on July nine, twenty twenty four, at ten point four aoh four am in depth Amazon coverage from the tech giants hometown, including a commerce Aws, Amazon Prime Alexa logistic devices and more. Will six Sax Fifth Avenue and NeiMa Marcus help Amazon fights its fashion fit That's the That's the question after the news last week that the tech giant will become a minority investor in SAX Glober, the luxury retail and real estate company to be created by Sacks Fifth Avenue parent companies LPC's planned accusation of Memur Market Group in a deal valued at two point six five billion. Industry analysa Amazon's involvement could give the company new insights and additional momentum in a retail segment that has long considered a key component of its overall e commerce strategy. The investment could also help to counter criticism of Amazon's impact on traditional retailers in an era of heightened regulatory scrutiny. It's part of a recent trend of tech companies making strategic investments in leo of outright or acquisitions. Through this pattern has been more evident and artificial intelligence startups. Amazon has been involved in fashion on numerous fronts for more than two decades, stretching back to the launch of its April and Necessaries A store in two thousand and two. In partnership with major

17:53 retailers at the time. In addition tools Amazon Fashion, e Commerce store Front and Prime Tribe before for You Buy service formerly Prime Wardrobe, the company dabbles in bricks and mortar fashion retailing before closing in two Amazon Style clothing stores in Glendale, California, and Columbus, Ohio last fall. Separately, the company plans a new online store fund for low price April and home goods shipping directly to customers from China to compete with Temu and Sene. According to a June twenty six report by Bloomberg News, by simultaneously investing in two luxury fashion retailers, Amazon promises to also strengthen its position at the high end of the market. Official details are stats at this point, The size and value of amazon expected steak in SACS Global are unknown, with the deals still pending. Amazon declined to comment Tuesday in response to geek wis inquiry. The July four press release about the deal included one line, Amazon will be an investor and in and work with sex Global to innovate on behalf of customers and brand partners. Following the close of that transaction. It added that sales force will also become an investor at closing without similar elaboration. So my question is that it will Amazon will become so big.

19:24 You know, I don't know how the small companies will flourish because because now Amazon will go into into these stores. I know these are luxury stores. Clothes are very expensive. They're a common like I am a common American. I can I cannot buy those clothes. So my question is if this deal goes through, then then will the clothes be of a low fare or medium fare where a common American like me can buy that. Having set that, folks, now, I will go on a break and will be back soon. Hello everyone, This is Doctor of Sean Hashni live from a barn country club in Virginia, and I just wanted to say that my K four SHD radio and top for TV show called Me Canry with Doctor of Sean Hashni is syndicated worldwide and has more than three hundred million listeners. And if you want these shows to continue, please give a sponsorship. And I request to please give a sponsorship because these shows require a lot of.

20:33 Energy and money to produce. So I would request every one to give me sponsorship and your product quickly promoted in a very reasonable price and you can contact me Atoughshan at Trrafshanhashmi dot com. Peers, and bye bye. Last week's announcement by EDBC, the SAX fifth Avenue parent, noted that its Neman Marcus acquisition is subject to regulatory approval, without giving an expected timeline for competing the deal. Having set that, folks, now I will go on a break and will be back soon.

21:17 Would you love exposure for your business, product or service to over three hundred million potential listeners? Send an email to info at talkform media dot com and now let's hear from some of our sponsors. Chapter two, How Jugar leads to multi sector sex stories in India, including definitions of the Jugar management principal business model of the book, the Modern Mobile mentality, News strategies to succeed in India and the global marketplace. Inspiration through to par Is, an inspiration on how to create products using technology that meet the price value equation. According to a Harvard Business Review article featuring expert prelag Than marshalcre most innovation programs are built on the assumptions of.

22:18 Affluence and abundance. We see the rich and the young in both the developed and the developing countries, demanding environmental friendly products and services. They also believe that affordability and sustainability are crucial to driving successful business Today. New technologies and radical business models are important not only to penetrate mass markets in India but in the entire world. By reconfi during all areas of the business structure, they will hold.

23:05 Hey, monstrous infection is spreading worldwide. OMG. Is this a simple infection or a deliberate attempt to ruin the human population? Or maybe it's bio terrorism. What is this global infection and who is spreading it? Help us find out. Go to Amazon and search for the outbreak of a monstrous infection. The human race nature helped to make this go viral. Go to Amazon dot com and read the outbreak of a monstrous infection to find out what happens next. Go now, the world is depending. On you, and now back to Doctor Oshon hash Mas radio show.

24:02 Neiman Marcus increases new application speed to market by fifty percent on AWS. Improved digital selling for associates. A luxury household name Neiman Markers. This is from Amazon. Yeah, a luxury household name NeiMa Marcus has a reputation for deping a first class personalized customer service experience. To modernize and enhance that experience, the company wanted to develop Connect and omni channel digital selling application that would empower associates to view rich, personalized customer information, with the goal of making each customer interaction unforgettable. When the COVID nineteen pandemic forced many retail stores to close, the company sales moved exclusively online to continue providing the hallmark experience that had always attracted customers, Nieman Markers needed to launch Connect quickly to enable associates to perform digital stele selling. Choosing a severe Less architecture with mobile development solutions on Amazon Web Services enabled the development team to launch the app much faster than in the four months it had originally planned. Using AWS, Cloud Native and severe Less technologies, we increased our speed to market by at least fifty percent and were able to accelerate the launch of Connect, says Siram When, the

25:34 Northern Senior Director of Omni Engineering at Nieman Markers. This approach also greatly reduced app building costs and provided developers with more agility for the development and rapid development of updates. The app elastically scales to support traffic at any volume for greater cost efficiency, and it has increased associate productivity, empowering associates to elevate the customer XPS. Neiman Markers is the flagship brand of the Neiman Marcus Group, a luxury retail organizations founded in nineteen oh seven and generating two point six billion dollars in annual revenue from its subsidiaries. Before Nieman Markers developed connect, associates were using an assortment of tools and technologies to provide customer service. Each solution provided a different piece of information and associate needed to generate a sale. Some of these solutions were outdated and all of them were creating friction. As a result, they were increasing sell times and decreasing associate productivity. The development team set out to create an app that would aggregate comprehensive range of customer data and present it in one place.

26:46 The team had three goals in mind to increase productivity, support omni channel selling, and empower associates to deepen customer relationship. Neman Markus was eager to resolve the challenges that associates the fail and to develop deliver on its wide glove customer experience when stores close, the company's pre existing plants for launching and implementing the app were significantly accelerated. Additional pressure mounted on our team to roll out the new application. We had to go to mark the market double quick, and we were able to do it with the technical foundation we had in place and with the right set of tools and text says. With Nathan building several less apps with speed to speed up its app development time, the Nieman Markers team chose to build on a severless architecture using AWS amplify, a set of tools and services that friend end web and mobile developers can use to build scalable full clack application powered by AWS. The team quickly config gird the app using AWS amplify workflows, then connected the app to the back end using open source client libry is. It used a WS amplify to set up secure authentication and authorization flows for sign up and sign in and excess control with a fully managed user directory powered by Amazon Cognito, a user debly service that handles registration, authentication, and account recovery. So this is you know.

28:23 You can read more about it on this website. Aws of Amazon. So now folks, I will go on a break and we'll be back soon. Viewers around the group. This is doctor charm Hartman the Life for her radio show at a flour sp and top for TV show, And I just wanted to request you that w. Is give me a sponsorship if you want to want this show to continue. Having set that since I will see in another episode of K four stately.

29:04 Plus talk for TV show And if you give me sponsorship, I will give you a very reasonable price and also you will get a lot of promotion as this show is syndicated all. Years. And bye bye. So now another pros and cons for Neiman Marcus uh and and the Sacks Scrift Avenue thing. You know that it is very good that they are bringing it online, but they already had an online thing. So what is the different? My question is again, you know, like, will Amazon acquire everything because and it will be such a big company that how small companies like mine you know could flourish? You know, so so what do small company companies do? Will they be taking clothes? You know, I don't sell clothes or anything, but I have us all media company, so so will they be taking some spokesperson or something you know, well, will they be expanding that?

30:07 And I would love to have their sponsorship and has on this sponsorship. So I would like to know that how you how my show can be sponsored by them? So and you can contact me at a shan at Drrahanhai dot com. Having said that, folks, now I will go on a break and we'll be back soon. Hellier agreement around them, this is not show and with st rate and talk for and few friends, I am live live in a country club and I just mented to say that please here consorship with shows to go on as far as money.

30:54 To produce these shows. Having set the trends, sessions and. The SAP Neiman Marcus mega deal and Amazon's underground path to luxury and we see the parent company of luxury retail sacks Fifth Avenue has confirmed reports that is long awaited deal to acquire rival Nieman Marcus Group owner of Neman Marcus and Burgdorf Goodman for two point sixty five billion dollars is finally here. And as a pending investor in the merged company, Amazon has found a new path or underground tunnel into luxury fashion. We are thrilled to take this step in bringing together these iconic luxury names Sacks with Thevenu, Neman Markers and Burgdog Goodman, said Richard Baker, NBC Executive Chairman and CEO in a statement. For years, many in the industry have anticipated this transaction and the benefits it would drive for customers, partners, and employees. This is an existing time in luxury retail with technological advancement creating new opportunities to redefine the customer experience, and we look forward to unlocking significant value for our customers, brand partners, and employees. The deal will see SAX Fifth Avenue, Sacks of Fifth, Neiman Markers, and burg Doc Goodman come together under one parent, SAX Global. Each retailer will continue to

32:29 operate under its respective brand names. Current SAX dot Com CEO Mark Metric will become CEO of SAX Global. Having said that folks, now, I will go on a break and will be back soon. Would you love exposure for your business, product or service to over three hundred million potential listeners? Send an email to in Tho at talkform media dot com and now let's hear from some of our sponsors. A monstrous infection is spreading worldwide. Oh my god. Is this a simple infection or a deliberate attempt to ruin the human population, or maybe it's bioterrorism. What is this global infection and who is spreading it? Help us find out.

33:27 Go to Amazon and search for the Outbreak of a Monstrous Infection. The human race needs your help to make this go viral. Go to Amazon dot com and read the Outbreak of a Monstrous Infection to find out what happens next. Go now, the world is depending on you. The Outbreak of a Monstrous Infection Chapter one, nineteen sixty four to twenty eighteen. And this is the sample track and it is read by doctor Rafshan Nahid Hashmi in a sprawling banglaw. In Potomac, Maryland, USA, lived doctor Honey Singh, a both certified internal medicine and family practice physician, along with his beautiful wife, Baby Singh. Baby Singh was a fashionista and was funding women's causes through her Honey Bay Foundation.

34:29 She had a lady's book club by the name of Baby's Glam and Glitzy Club, which had many glam and glitzy ladies who were professionals living in Washington, d C. Potomac Maryland, Virginia, and even Beverly Hills, California, as well as a lead from all of America, meeting at her place on the last Wednesday of every month discussing various aspects of charities they wanted her and doctor Honey to fund. In this club, there was a wide spectrum of career women. There were doctors, lawyers, actresses, business owners, and models to name a few. In these book club meetings, members would come prepared after reading a book of a famous woman author, and that author was even invited from any part of the world to give her presentation, followed by a Q and A in this prestigious and elite gathering.

35:29 And now doctor ash on Hashme's radio shows. So folks, now I will talk about at piece that it is in vogue business the sas Neman Marcus Mega deal and Amazon's underground part to luxury at we see the parent the company of luxury retailer Sacks Fifth Avenue has confirmed reports that is long awaited deal to acquire rival Nieman Markers Group, owner of Neeman Markers and bird Rock Government for two point six five dollars dollar dollar two point sixty five billion is finally here and as a pending investor in the merged company, Amazon has found a new part for underground tunnel into luxury fashion. We thrilled to take this step in bringing together these iconic luxury names SAX with Thevenue, Neiman Markers and bird Off Goodman set Richard Baker, GBC Executive Chairman and CEO in a statement. For years, many in the industry have anticipated this transaction and benefits and it would drive for customers, partners, and employees. This is an exciting time in luxury retail, with technological advancements creating new opportunities to redefine the customer experience, and we look forward to unlocking significant value for our customers, brand partners, and employee. The deal will see SAX Fifth Avenue,

37:00 sacks Off, Fifth, Naman Markers, and Workdog Goodman come together under one parent, SAX Global. Each retailer will continue to operate under its respective brand names. Current SAX dot Com CEO Mark Metrics will become CEO of SAX Global, and interesting developmentis Amazon's involvement. Amazon will be an investor in work with SAX Global to innovate on behalf of customers and brand partners. Following the close of the transaction. A release issued by NBC reals this will give Amazon discrete access to luxury products, stores, sales associates, and data. At the same time, the retailers a stand to gain access to more sophisticated technology and logics. This sales force, which had been steadily rolling out generative artificial intelligence tools for retailers, will also become an investor. Now, folks, I will go on a break and will be back soon. Hello everyone, This is Doctor of Shan Hashni live from a barn country club in Virginia, and I just wanted to say that my K four SHD radio and top for TV show called Me Canry with.

38:14 Doctor of Shan Hashni is syndicated. Worldwide and has more than three hundred million listeners. And if you want these shows to continue, please give a sponsorship. And I request to please give a sponsorship because these shows require a lot of energy and money to produce. So I would request every month to give me sponsorship and your product would be promoted in a very reasonable price. And you can contact me at Uughshan at Trufshanhashmi dot com. Peers and bye bye. So, Amazon, the largest clothing retailer in the US has for years work to expand into luxury fashion, which has higher margins but is somewhat at odds with amazon sufficiency over style ethos. During the pandemic. In twenty twenty, Broker deals with the Council of Fashion Designers of America and the British Fashion Council to start a new luxury stores division, recruiting brands including Oscar Delandra, Jonathan Cohen, and Adam Leaves.

39:21 In twenty twenty two, it expanded that efforts to include Europe, with brands including Christopher Kane and Eli Savik. Sponsored the CFDA Awards in twenty twenty three. Amazon also tested tech first physical retail, opening a clothing store concept called Amazon Style in Los Angeles in twenty twenty two that sold Amazon brands and other through app integrations, QR codes, and personal recommendations. However, it closed the only two existing Amazon Style locations in twenty twenty three. Amazon's luxury e commerce play has fared slightly better. So I. I welcome this deal, but my only question remains, you know that how how a common math can buy these clothes or will the Amazon you know like Walmart will bring bring these clothes at a cheaper price. And that's all I have to say. And now, folks, these are my two books. The first one is The Modern Vocal Mentality, New Strategies to Succeed in India and the global marketplace.

40:26 And the second one is The Outbreak of a Monstrous Infection. This first book was a Modern Vocal Mentality, was an Amazon bestseller and also hot number one you release on Amazon, and I want a movie or a documentary made of it. And uh, the second one, the Outbreak of a Monstrous Infection. I want a movie to be made and tail Flix has given a very good evaluation of it. Having said that, folks, you know now I want to end this program and uh, and I request, you know, to all those documentary producers and film producers and web series producers please contact me at tough Shan at drfshanhashme dot com. Having set that, folks, now I will say cheers and bye bye, and please don't forget to sponsor this show if you want the show to go on, because this show and books bring food to that table. Having set that, folks, tears and bye bye.

41:33 You've been listening to meet and great with Doctor Avshan Hashmi on K FORHD radio and Talk for TV. Tune in live right here every Thursday at six pm Eastern time. Would you love exposure to your business, product or service to over three hundred million potential listeners. Send an email to info at talkformedia dot com, and remember, if you miss any part of the show or want to hear it again, find our featured show on iHeartRadio or YouTube, where all past episodes are available on MAN twenty four to seven. See you next Thursday at six pm Eastern time right here on K for HD and Talk for TV.