Why Saks collapsed while the rest of luxury retail is growing

Department stores are increasingly being left behind as luxury brands connect directly with customers, both online and in ...

As Saks enters bankruptcy, have its Boston stores gone out of fashion?

As the legacy department stores that once dotted the Boston area — Barneys, Lord & Taylor — continue to die off, Saks and its ...
Marketplace

What happened at luxury retailer Saks that caused bankruptcy?

Luxury department stores like Saks Fifth Avenue are struggling to compete even more with the brands they carry.

With Saks’ bankruptcy, Macy’s has some wind at its sails

Macy’s isn’t out of the woods, however. Saks and its subsidiaries could still emerge from bankruptcy and give it a run for ...
News Tribune

Owner of Saks Fifth Avenue seeks bankruptcy protection

The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took ...

Can Saks’ new CEO repair the damage done to the luxury retailer by years of being treated as a ‘financial plaything’?

This time, the job is twice as big. On Tuesday, Van Raemdonck was appointed CEO of Saks Global, the same day as the luxury department store giant, which includes Neiman Marcus Group (and its Bergdorf ...

Saks, Neiman Marcus look for path forward with bankruptcy after 'disaster' merger

The much-touted corporate marriage between Saks and Neiman Marcus was supposed to show how two iconic names in luxury retail ...

Saks files for bankruptcy. These big fashion brands — and tech names — are waiting to get paid.

The Chapter 11 filing announced on Wednesday for the iconic, century-plus-old retailer — which oversees Saks Fifth Avenue, ...