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
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
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
Savvy shoppers can still bank on Saks’ bankruptcy. Luxury retailer Saks Global is reportedly planning to file for Chapter 11 bankruptcy as soon as Sunday, sparking concern among shoppers who have gift cards and other perks with the luxe department store. In particular, American Express Platinum cardholders stand to lose out on their twice-annual $50 Saks Fifth Avenue credit … Read more
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
They’re here, and they’re spectacular. Manhattan has officially decked its halls for the 2025 holiday season — and the real stars aren’t on a tree; they’re behind glass. Midtown’s world-famous collection of department stores is pulling out all the stops this year — from Herald Square to 57th Street, the city has been transformed into … Read more
Another one bites the dust. It’s a sad day for savvy shoppers and the end of an era, some might say. Saks Off 5th, the off-price department store and sister to Saks Fifth Avenue, is closing nine stores across the US, with several in the tri-state area. In an effort to “place greater attention to … Read more
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
Manhattan is merry and bright! New York City’s department stores have decked the halls for the holiday season, with their window displays spreading joy to New Yorkers and visitors alike. “The holiday windows really embody the spirit of the season in a way that really captures nostalgia and excitement for a lot of people,” Aaron … Read more
A woman reportedly had a bizarre experience when trying to return a dress at Saks Fifth Avenue — and she’s warning shoppers to be wary. Brittany Paige, a content creator on TikTok, has gone viral with a three-part story of the incident, amassing over 550,600 collective views, and has prompted viewers to share that they’ve … Read more
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
The shoe didn’t fit. A woman based in Chicago claims Saks Fifth Avenue sold her “fake” Bottega Veneta shoes. “I will no longer be shopping @Saks Fifth Avenue!! They sent me fake Bottega slides!!” said the woman who runs the @babybeau account on TikTok. In the 42-second clip with more than 1.4 million views, she explained how … Read more
Saks Fifth Avenue lowered a $250,000 electric car into the posh jewelry section that lies below street level at its Manhattan flagship — an engineering feat that included removing the store’s century-old brass exterior doors and installing a makeshift crane inside. For the rest of the holiday season, the iconic department store will display one … Read more
Jennifer Lawrence has no hard feelings about her wild wardrobe malfunction during the Saks Fifth Avenue holiday lighting ceremony. The Oscar winner, 33, debuted the Dior “Carousel of Dreams” holiday window displays in New York City on Monday when her belt suddenly dropped to the floor. The “Hunger Games” actress burst out laughing and nervously … Read more