by Mike Duff | Feb 2, 2026 | Retail Articles
As Saks Global steps away from the luxury off-price business, Nordstrom continues to relocate and roll out Nordstrom Rack locations. Nordstrom announced a relocation in Seattle and four new Racks: one each in Columbia, MO, and Park City, UT, and two in the...
by Mike Duff | Jan 30, 2026 | Retail Articles
In reorganizing after filing for Chapter 11 bankruptcy protection, Saks Global Enterprises stated it intends to focus more sharply on luxury retail and full-price selling across the company’s store portfolio, and it will shut down most of its offprice operation. The...
by Mike Duff | Jan 20, 2026 | Featured News, Retail Articles
As it moves through the court-supervised bankruptcy process, Saks Global stated it has access to an initial tranche of $500 million of $1.75 billion in committed capital, which the company asserts will provide sufficient liquidity to support operations and...
by Mike Duff | Jan 14, 2026 | Retail Articles
After market speculation that it might seek bankruptcy protection, Saks Global Holdings has filed for Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas, the company announced, adding that it has named Geoffroy van Raemdonck as its new...
by Mike Duff | Apr 29, 2025 | Retail Articles
Although it still holds out hope for rescue, Hudson’s Bay Co. stated it would liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. Hudson’s Bay stated that a viable bid for its current six-store organization is unlikely, so it has begun...
