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.
Croissant Puts Resale Value Up Front In The Luxury Buying Equation
Croissant is transforming luxury retail by integrating resale value into new purchases, offering transparency and guaranteed buyback in an intentional commerce ecosystem.
IKEA And Wayfair Are On A Collision Course In A Weakening Home Furnishings Market
In tightening home furnishings market, market share leaders Wayfair and IKEA are set to collide. Wayfair is opening stores and IKEA is expanding online and remote sales.
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.
