Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, is expected to imminently file for bankruptcy protection, ...

According to multiple sources, at least 20 Saks Fifth Avenue and Neiman Marcus locations have been identified for closure.

Barely a year after Saks Global Enterprises splurged $2.65 billion on Neiman Marcus, the honeymoon is already over—and the ...

In 1955, she was hired by Neiman Marcus to feed their clientele rich on oil money and hungry for something more elegant than ...

The insolvency caps years of mounting pressures for a retailer loved by movie stars and royals, including Gary Cooper and ...

Small designers feel particularly vulnerable, although bigger brands, like those that work with Andrew Rosen, would also feel ...

Italian luxury brand Brunello Cucinelli , known for its $3,000 cashmere sweaters, bet big on department stores, a strategy ...

GameStop has closed nine stores across Greater Los Angeles. Find out which neighborhoods lost their locations and how many ...

A year after merging, Saks Global is weighed down by debt, weak luxury demand and vendor pullbacks, raising Chapter 11 risks.

Saks Global Enterprises has been hit with a downgrade, adding to its growing list of challenges. The company — which includes ...

So started to run out of cash," said Gary Wassner, CEO of New York-based ⁠factoring firm Hilldun, which ‌buys unpaid invoices from retailers and is owed several million by Saks ⁠Global. By October, ...

The closure comes as the luxury department store chain and its sister company, Neiman Marcus, face an uncertain future and a ...