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Saks Files for Bankruptcy as Department Stores Fight for Survival

A luxury department store Saks Fifth Avenue is seen on January 15, 2026 in Washington, DC. aks Global – the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – filed for bankruptcy protection on Wednesday, marking a low point for the nation's biggest luxury department store conglomerate. Photo by Olivier Douliery/ABACAPRESS.COM

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Saks Files for Bankruptcy as Department Stores Fight for Survival

A luxury department store Saks Fifth Avenue is seen on January 15, 2026 in Washington, DC. aks Global – the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – filed for bankruptcy protection on Wednesday, marking a low point for the nation's biggest luxury department store conglomerate. Photo by Olivier Douliery/ABACAPRESS.COM

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Saks Files for Bankruptcy as Department Stores Fight for Survival

A luxury department store Saks Fifth Avenue is seen on January 15, 2026 in Washington, DC. aks Global – the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – filed for bankruptcy protection on Wednesday, marking a low point for the nation's biggest luxury department store conglomerate. Photo by Olivier Douliery/ABACAPRESS.COM

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Saks Files for Bankruptcy as Department Stores Fight for Survival

A luxury department store Saks Fifth Avenue is seen on January 15, 2026 in Washington, DC. aks Global – the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – filed for bankruptcy protection on Wednesday, marking a low point for the nation's biggest luxury department store conglomerate. Photo by Olivier Douliery/ABACAPRESS.COM

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Saks Files for Bankruptcy as Department Stores Fight for Survival

A luxury department store Saks Fifth Avenue is seen on January 15, 2026 in Washington, DC. aks Global – the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – filed for bankruptcy protection on Wednesday, marking a low point for the nation's biggest luxury department store conglomerate. Photo by Olivier Douliery/ABACAPRESS.COM

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Saks Files for Bankruptcy as Department Stores Fight for Survival

A luxury department store Saks Fifth Avenue is seen on January 15, 2026 in Washington, DC. aks Global – the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – filed for bankruptcy protection on Wednesday, marking a low point for the nation's biggest luxury department store conglomerate. Photo by Olivier Douliery/ABACAPRESS.COM

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Barcos bags to go on sale at Neiman Marcus

TOTTORI, Japan - Barcos Co. President Takashi Yamamoto (R) shows one of his company's products to Tottori Gov. Shinji Hirai in Tottori City on Sept. 1, 2014. The company's Hanaa-fu brand bags are on sale at luxurious U.S. department store Neiman Marcus. The company's head office is located in Kurayoshi in the western Japanese prefecture.

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Barcos bags to go on sale at Neiman Marcus

TOTTORI, Japan - Barcos Co. President Takashi Yamamoto (R) shows one of his company's products to Tottori Gov. Shinji Hirai in Tottori City on Sept. 1, 2014. The company's Hanaa-fu brand bags are on sale at luxurious U.S. department store Neiman Marcus. The company's head office is located in Kurayoshi in the western Japanese prefecture. (Kyodo)

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Neiman Marcus store closure in New York

Photo taken July 28, 2020, shows a closed Neiman Marcus store in Manhattan's Hudson Yards shopping complex. The luxury department store closed permanently in late July just one year and four months after its opening, partly affected by the new coronavirus outbreak.