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

Saks Global’s Chapter 11 bankruptcy filings have revealed the US luxury retailer’s biggest creditors, which includes some of ...

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

Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, has filed for Chapter 11 bankruptcy in the Southern District of ...

A downturn in the luxury retail industry at the beginning of 2025 has continued and affected major retailers this week.

Adam Lippes hasn’t shipped an order to Saks Global since mid-December. On Wednesday morning, hours after the company filed ...

The move comes 13 months after Saks paid $2.7 billion to acquire its competitor. Since then, the chain has struggled with a ...

The fate of stores operated by Saks Global, parent company of the Dallas-based Neiman Marcus luxury retail chain, is up in ...

The retailer's bankruptcy filing comes about a year and a half after Saks bought Neiman Marcus and Bergman Goodman.

Birmingham was once Saks' headquarters following a 1998 merger with Knoxville-based department store chain Proffitt's Inc.