What: Saks Global continues its post-merger transformation with the departure of stores veteran Larry Bruce and appointment of Mary McGreevy as chief stores officer.

Why it is important: This leadership transition reflects the ongoing challenges of integrating two luxury retail giants while maintaining operational efficiency and customer experience.

Saks Global's latest organisational changes mark another significant step in its post-merger integration strategy, with the departure of Larry Bruce, a veteran executive with over two decades of experience across both Saks and Neiman Marcus. The restructuring places store operations under Emily Essner's expanded portfolio as President and Chief Commercial Officer, consolidating all customer-facing functions for both Saks Fifth Avenue and Neiman Marcus. This includes brand partnerships, buying, merchandise planning, marketing, digital operations, and customer insights. The promotion of Mary McGreevy to chief stores officer, reporting to Essner, further reinforces the company's commitment to streamlining operations. These changes come amid ongoing efforts to stabilise the company following its USD 2.7 billion merger, as it grapples with vendor relationships and debt obligations while working to redefine luxury retail.

IADS Notes: The latest leadership changes at Saks Global in June 2025 represent a continuation of the comprehensive transformation that began with the USD 2.7 billion merger in December 2024. Following January 2025's establishment of a unified commercial team under Emily Essner , the company has progressively consolidated operations, resulting in a 14% reduction in corporate workforce by April 2025 . The departure of Larry Bruce and reorganization of store operations aligns with February 2025's broader strategic reset, which included significant store network changes and a USD 100 million investment in the NorthPark Center location . This restructuring reflects Saks Global's ongoing efforts to balance operational efficiency with maintaining distinctive customer experiences across its luxury retail portfolio.

Stores veteran departs as Saks Global further streamlines operations