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

An updated plan of reorganization detailed the company's new board, a key litigation trust and more.

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

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.

Unsecured creditors are looking for a long list of documents from Metrick, including information about the $2.7 billion acquisition of Neiman Marcus Group.

In the marble-floored halls of Saks Fifth Avenue's flagship on Manhattan's Fifth Avenue, where designer handbags once symbolized attainable and aspirational luxury, a new reality is settling in. On ...

Saks Global is closing more Saks Fifth Avenue locations, a Neiman Marcus location, and most of its standalone personal styling suites in 18 states, the company announced this week. The company made ...

Saks Global and Eddie Bauer are among the major retailers to file for bankruptcy in 2026, highlighting industry-wide challenges.

NEW YORK -- The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its iconic department stores and raise money to pay off its debts during ...

Luxury retailer Saks Fifth Avenue's consolidation in Greenwich will leave it with one remaining store in Connecticut.

MILAN, Feb 18 (Reuters) - Italian luxury ⁠group ⁠Brunello Cucinelli said it resumed ⁠shipments to Saks Global at the end of January, receiving regular payments, and saw no financial hit in 2026 from ...

NEW YORK, Jan 15 (Reuters) - Saks Global, the iconic and now-bankrupt luxury retailer, ‌may have to broaden its consumer base if it wants ‌to survive in the increasingly fickle luxury retail world.