Luxury department store chains seek bankruptcy protection

Published on: 01/14/2026

This news was posted by Oregon Today News

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Saks Fifth Avenue holiday light show and window reveal on Monday, Nov. 24, 2025, in New York.

The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago.

News Source : https://www.oregonlive.com/retail/2026/01/luxury-department-store-chains-seek-bankruptcy-protection.html

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