Simon moved to terminate the leases at two stores right before the company filed for bankruptcy, setting up negotiations that ...

Saks may exit bankruptcy with new owners and a smaller store base. Can it win back luxury shoppers and revive ...

Use Our Live Saks Fifth Avenue Promo Codes to Save More on Luxury Homeware, Decor, and Kitchenware.

The luxury retail conglomerate said it would be profitable in three years and that, starting next fiscal year, revenue growth ...

TJX and Nordstrom Rack were already gaining share, and they stand to benefit most as Saks Global abandons off-price retail.

The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month.

PHOENIX — 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 ...

Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, is slashing 16 percent of its corporate workforce as ...

WASHINGTON — The parent company of Saks Fifth Avenue and Neiman Marcus is closing more stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy ...

The retailer is laying off about 16% of its corporate employees.

The list of Saks Fifth Avenue and Neiman Marcus store locations set to close continues to grow. On March 6, 2026, parent company Saks Global announced it would close 15 additional retail locations.

Saks Global secured a $500 million financing commitment from capital partners, and the luxury retailer plans to emerge from Chapter 11 bankruptcy this summer.