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Company to begin soliciting votes on its widely supported amended Plan of Reorganization
The luxury retail conglomerate said it would be profitable in three years and that, starting next fiscal year, revenue growth would average 7% annually.
The luxury department store retailer has boosted inventory receipts, with more than 650 brands shipping merchandise, up from 500 a month ago.
The latest round of downsizing comes amid the luxury retailer’s bankruptcy and leaves it to focus resources “toward critical capabilities that will drive profitable, sustainable gr...
The Saks Fifth Avenue SPRING SALE has kicked off and so many of the styles I am eying are included. You’ll receive up to 30% off, but hurry as the sale ends on Sunday, May 3rd. My...
Plus, Saie and Sephora partner on Planet Beautiful 2026.
The fashion company “took a hit” in Q4 due to the conglomerate, but is optimistic about the future.
TJX and Nordstrom Rack were already gaining share, and they stand to benefit most as Saks Global abandons off-price retail.
Judge Alfredo Pérez on Friday approved the plan, paving the way for the luxury retailer to start fresh with vendors — and customers.
Plus, Shein v. Temu U.K. trial spotlights supply chains.
The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month.
Yumi Shin has taken a newly created role, executive vice president of global brand partnerships, reporting to chief merchant Jamie Nordstrom.
With the launch of international shipping, the brand is confident that its California-chic aesthetic has worldwide appeal.
The 7,500-square-foot store joins four Skechers concept shops in Copenhagen, as well as 27 other locations across Denmark.
A committee of unsecured creditors says the Saks Global executive chairman has rebuffed requests for information as part of the luxury retailer’s bankruptcy.
The luxury giant expects to achieve margins and growth that department stores haven’t seen in years.
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