Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs

Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.

Saks Global to close most of its Saks Off 5th stores as it restructures during Chapter 11 bankruptcy

The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations as it restructures its organization to focus on its iconic department stores and raise money to ...

Majority of Saks OFF 5TH stores to close amid bankruptcy

Saks Global is shuttering most of its off-price empire as part of a Chapter 11 restructuring by the luxury department store ...

Saks to close most of its Off 5th and Last Call discount stores

The parent company of Saks Off 5th and Last Call will close most locations to focus on its luxury retail stores after filing for bankruptcy this month.
Retail Dive

What’s up with department stores?

The retail model is in retreat. But that doesn’t mean it — or its billions in sales — will disappear any time soon.

Belk department store tries out a new type of space for shoppers

The iconic Charlotte-based Belk department store has unveiled another new retail format. Belk Market debuted last month at ...

What the Saks bankruptcy means for its only Alabama store

Birmingham was once Saks' headquarters following a 1998 merger with Knoxville-based department store chain Proffitt's Inc.
Seattle Times

Saks files for bankruptcy as department stores fight for survival

Saks Global, the company that owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection late Tuesday, crumbling under billions of dollars in debt, a fraying ...
MLive

Major department store chain plans to close stores in 2026: Is yours on the list?

Department store chain Macy’s is set to close more than a dozen stores in 2026 as part of an ongoing financial strategy. In a memo sent to employees this week, Macy’s CEO Tony Spring confirmed the ...