NEW YORK — The operator of Saks Fifth Avenue and Neiman Marcus said that it will close eight Saks Fifth Avenue stores as well as its Neiman Marcus Boston store as it focuses on its most profitable ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min The widely expected move could ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Saks Global plans to shutter ...
Saks Off 5th is a discount division of the Saks Global, owner of luxury brand Saks Fifth Avenue, which sells off-price luxury fashion. Saks Off 5th sells luxury off-priced fashion, and it's downsizing ...
Saks Fifth Avenue's acquisition of Neiman Marcus was supposed to create a luxury powerhouse, but instead it led to the company filing for Chapter 11 bankruptcy protection. After funding the deal with ...
Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. Saks Global is closing 15 more stores, primarily Saks Fifth ...
[Update as of January 15, 2026] A judge has approved Saks Global‘s request for $400 million in rescue financing to keep operations afloat as it moves forward with its bankruptcy and restructuring, but ...
[Update as of Feb. 23, 2026] U.S. Bankruptcy Judge Alfredo Perez has approved $1 billion in new funding for Saks Global after the brand resolved concerns with luxury suppliers, landlords and Amazon, ...
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