Saks Global is closing 15 more stores, primarily Saks Fifth Avenue while Neiman Marcus largely remains, as part of major restructuring under former NM CEO van Raemdonck.
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After The Saks Global Filing, Retail Bankruptcy Fears Loom Large In 2026
Starting 2026, retail is strong. Yet recent bankruptcy filings, suggest otherwise. RapidRatings lists retailers most at risk from internal issues, not sector weakness.
Macy’s Turnaround Plan Is Delivering Results Despite Layoffs And Store Closures
Macy’s is laying off 1,000 fulfillment workers and will close 14 stores this year, down from 66 closed last year. Existing stores that have undergone transformation are delivering positive results.
Fabletics Surges Ahead As Lululemon Falters
Lululemon faces a “downward spiral” due to repeated product quality issues, declining sales, and a leadership crisis. Meanwhile, competitor Fabletics is rapidly growing.
Saks Global Nears Bankruptcy After CEO And Senior Leaders Abandon Ship
Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity issues. raising doubts about continued viability.
