![The parent company of Saks Fifth Avenue has agreed to buy rival luxury department store Neiman Marcus.](https://npr.brightspotcdn.com/dims3/default/strip/false/crop/3503x2100+0+0/resize/3503x2100!/?url=http%3A%2F%2Fnpr-brightspot.s3.amazonaws.com%2F66%2Fb5%2Ffc2ff17e4c85a2ea1d724f60b429%2Fap21097491513241.jpg)
The two high-end department stores hope together they would wield more power to counter luxury brands, which increasingly flex their muscles over retailers.
(Image credit: Lynne Sladky)
The two high-end department stores hope together they would wield more power to counter luxury brands, which increasingly flex their muscles over retailers.
(Image credit: Lynne Sladky)