neiman marcus

Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

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Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations

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 … Read more

Exclusive | Saks and Neiman low on luxury goods as fashion labels fret over court battle with Amazon

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Exclusive | Saks and Neiman low on luxury goods as fashion labels fret over court battle with Amazon

A slew of fashion labels and jewelers caught up in Saks Global’s bankruptcy are refusing to ship new merchandise to stores — worried that they won’t get paid as the luxury giant is locked in a high-stakes court battle with Amazon, The Post has learned. Amazon — whose $475 million claim makes it the largest … Read more

Saks Global’s bankruptcy filing could mean massive sales — what customers can expect when shopping next

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Saks Global’s bankruptcy filing could mean massive sales — what customers can expect when shopping next

It’s the end of an era, some might say. 2026 might be the beginning of the end for some of New York City’s most beloved luxury department stores. As of Wednesday, Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for Chapter 11 bankruptcy. Before high-end shoppers go … Read more

Exclusive | Saks owner races to raise $1B in financing as CEO steps down, possible bankruptcy looms: sources

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Exclusive | Saks owner races to raise B in financing as CEO steps down, possible bankruptcy looms: sources

The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman is in a race to land more than $1 billion in rescue financing from new and existing investors – even as the company announced its CEO is stepping down, The Post has learned.  The luxury giant needs a cash infusion to pay off a … Read more

Saks sues Puck News, claiming outlet ran ‘hit pieces’ — despite reporter’s ‘conflict of interest’

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Saks sues Puck News, claiming outlet ran ‘hit pieces’ — despite reporter’s ‘conflict of interest’

Luxury giant Saks Global has sued the publisher of Puck News, claiming that the site failed to disclose a reporter’s “conflict of interest” as he churned out a series of negative “hit pieces” on the company that have allegedly cost it hundreds of millions of dollars. The owner of Saks Fifth Avenue and Neiman Marcus … Read more

Saks Fifth Avenue and Neiman Marcus to merge in $2.65B blockbuster deal, Amazon to acquire stake

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Saks Fifth Avenue and Neiman Marcus to merge in .65B blockbuster deal, Amazon to acquire stake

Saks Fifth Avenue and Neiman Marcus have reportedly agreed to a blockbuster merger that combines the nation’s two dominant luxury retailers – and Amazon is joining the deal, too. Saks owner HBC, whose talks to merge with its longtime archrival were first reported by The Post last summer, will acquire Neiman Marcus for $2.65 billion, … Read more