Saks Global is reportedly weighing two competing offers of bankruptcy financing packages as it prepares to file for bankruptcy. The company, which owns Saks Fifth Avenue and Neiman Marcus, is looking to file for bankruptcy as soon as Sunday (Jan. 11), The Wall Street Journal...
Saks Global’s overdue payments problem reportedly continues to plague the department store. As Retail Dive reported Friday (Aug. 8), the company told analysts in June it had mostly settled things with vendors who were angry about overdue invoices. However, vendors in communication with the news...
Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February to pay past-due balances over the course of a year. The luxury retailer has returned its inventory to levels set...
A Neiman Marcus store in downtown Dallas is reportedly set to close on March 31 after owner Saks Global received a notice from the landlord to terminate the occupancy. The retailer had negotiated with the landlord for more than a decade and is “disappointed” to...
January 01, 2025
The conventional wisdom may be that buy now, pay later (BNPL) options are best suited for lower- to middle-income consumers, for smaller ticket items, and being able to afford necessities. But a spate of recent announcements underscores the widespread appeal of paying over time — where stretching out transactions over weeks or months helps improve […]
February 12, 2024
As luxury brands increasingly find ways to create direct relationships with their customers, high-end department store chains are facing new challenges. Ralph Lauren, for its part, reported Thursday (Feb. 8)...
April 01, 2020
How can I help? It is the question that millions of Americans have been asking themselves for the last few weeks, as COVID-19, the disease caused by the coronavirus, has...
May 02, 2017
What separates the top performing omnireadi merchants from the under performers? Multiple strategies. And one such strategy that is catching the attention of top performing merchants is extending omnichannel features...
June 28, 2026
Saks Global is reportedly plotting a luxury-focused revival as it emerges from bankruptcy. The company, owner of department stores Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has structured its debt, shuttered dozens of stores and cut jobs since seeking bankruptcy protection in January, The New York Times (NYT) reported Friday (June 26). Saks executives […]
January 09, 2026
Saks Global is reportedly weighing two competing offers of bankruptcy financing packages as it prepares to file for bankruptcy. The company, which owns Saks Fifth Avenue and Neiman Marcus, is...
August 10, 2025
Saks Global’s overdue payments problem reportedly continues to plague the department store. As Retail Dive reported Friday (Aug. 8), the company told analysts in June it had mostly settled things...
April 28, 2025
Saks Global Enterprises reportedly told creditors that it has improved its relationships with vendors and built up its inventory since implementing a plan in February to pay past-due balances over...