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Saks Global said Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations. The company has largely completed the process of shutting down underperforming stores with Friday’s announcement, but was still working with some landlords to finalize its store count after weak […]
High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic. Saks Fifth Avenue, an affiliate of Saks Global, listed $1 billion to $10 billion in assets and liabilities, according to court documents filed in US Bankruptcy Court in Houston, Texas. Saks Global […]
Saks Global, parent of high-end department store chain Saks Fifth Avenue, is weighing Chapter 11 bankruptcy as a last resort, Bloomberg News reported on Monday, citing people familiar with the matter. The company, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is exploring ways to boost cash, […]
The doctor’s is on Third Avenue from Bloomingdale’s North to East 79th Street. So does the dentist, veterinarian and cryotherapist in your neighborhood. Once known for sportswear, the corridor now resembles a mile-long health and fitness fair rather than a traditional shopping street. The twenty blocks along the middle-class (by Manhattan standards) spine of the […]
