Macy’s Saks Global unit secured access to $825 million of the $1.75 billion committed capital it obtained for its bankruptcy proceedings, strengthening the firm’s liquidity position. The infusion is intended to support operations and vendor payments as the retailer rebuilds inventory and supply chain functions.

Since mid-January, over 380 luxury and independent brands have resumed shipping to Saks Global, delivering inventory receipts with a retail value of approximately $1.2 billion. These receipts represent 75% of the planned first-quarter inventory, signaling a return to normal merchandise flow ahead of the spring season.

Amy Raimondi was promoted to senior vice president of buying for women’s apparel at both Saks Fifth Avenue and Neiman Marcus, reporting to Chief Buying Officer Paolo Riva. Raimondi will oversee multiple categories including contemporary, evening, lingerie, and swimwear, succeeding Dayna Ziegler who recently joined Macy’s in a similar role.

Macy’s has set its fourth-quarter and fiscal 2025 earnings release for March 18, 2026, with accompanying investor call details to be announced. The results will offer insight into the company’s recovery strategies and performance in the post-bankruptcy restructuring period.