Luxury retail company Saks Global has declared bankruptcy amid mounting debts. The company, which owns Saks Fifth Avenue stores as well as department stores Bergdorf Goodman and Neiman Marcus, entered Chapter 11 bankruptcy in Texas, it said in a Wednesday (Jan. 14) news release. The...
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 Fifth Avenue’s new “hyper-personalized” homepage in its online and mobile app experience has improved conversion by nearly 10% and boosted revenue per visitor by 7%, according to the luxury retailer’s parent company, Saks Global. The new homepage uses machine learning algorithms and real-time customer...
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...
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) that it saw global direct-to-consumer (D2C) comparable store sales rise 9% in the third quarter of fiscal year 2024, gaining 1.7 million new D2C customers. […]
April 05, 2018
Panera and Saks grab the headlines. But amid data leaks the lures for the bad guys go far beyond the credit card number. Names, addresses and emails give ammunition for...
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 14, 2026
Luxury retail company Saks Global has declared bankruptcy amid mounting debts. The company, which owns Saks Fifth Avenue stores as well as department stores Bergdorf Goodman and Neiman Marcus, entered...
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 15, 2025
Saks Fifth Avenue’s new “hyper-personalized” homepage in its online and mobile app experience has improved conversion by nearly 10% and boosted revenue per visitor by 7%, according to the luxury...