Saks Files for Bankruptcy as Department Stores Fight for Survival

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

Saks Files for Bankruptcy as Department Stores Fight for Survival

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

Saks Files for Bankruptcy as Department Stores Fight for Survival

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

Saks Files for Bankruptcy as Department Stores Fight for Survival

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

Saks Files for Bankruptcy as Department Stores Fight for Survival

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

Saks Files for Bankruptcy as Department Stores Fight for Survival

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