Authentic Brands Group Reportedly Set to Buy Marc Jacobs; Target to Cut 1,800 Jobs
Authentic Brands Group is reportedly set to acquire Marc Jacobs, signaling a potential shift in luxury fashion branding and licensing. If confirmed, the deal would expand ABG's portfolio of designer labels and could influence Marc Jacobs' distribution, partnerships, and product strategy in the years ahead. Separately, Target Corp. is reportedly planning to eliminate about 1,800 positions as part of ongoing efficiency and cost-cutting efforts across corporate teams and stores. The move underscores ongoing pressure in the retail sector to optimize operations amid competitive demand and margin challenges. In another leadership development, a Saks Global executive has moved to Bloomingdale's, highlighting ongoing talent shifts within department-store networks as they navigate omnichannel competition and evolving shopper expectations. For shoppers tracking trends in fitness and tech, the retail landscape offers a wide selection—from high-performance fitness gear to the latest entertainment tech—making it easier to upgrade your active lifestyle.