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January 26, 2026

Saks' bankruptcy filing creates uncertainty for iconic stores

  • Experts think the luxury retailer may close a bulk of Saks Off 5th stores, as well as several Saks and Neiman Marcus stores.
    • By ANNE D'INNOCENZIO
    AP Retail Writer

    Photo by Evan Agostini/Invision/AP, File
    While the retailer’s stores remain open for now, the bankruptcy and restructuring could likely impact the offerings customers find online or in their stores.

    NEW YORK — An appeal for bankruptcy protection filing of the operator of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus, has left the luxury department stores' suppliers with unpaid bills and caused a rift with Amazon, one of Saks Global's minority investors.


     
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