not bad to be a middle-segment player. Here I did not see any convincing numbers to show that Newman Marcus is much better than Saks. Is there anything like ROA, net operating margin, asset turnover or sales growth, per store revenue etc, to convince me? I did not see any numbers.
btw, private equity firms acquired that because they will NOT invest for new store opening at all in the future. There is limited market demand for luxury brands and the market is limited in US. But the retailing business is a good cash cow with many fixed assets as loan mortage, it is a perfect target for taking private.
