Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
Category: Saks Fifth Avenue
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business: -
Saks Fifth Avenue Bankruptcy Revives Debate Over the Future of Department Stores
Saks Fifth Avenue’s bankruptcy filing has revived debates about how these once celebrated shopping emporiums can regain their luster.
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What the Bankruptcy of Saks Means for You
Answers to this and other questions about the financial crisis in America’s biggest luxury department store.
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Saks Files for Bankruptcy as Department Stores Fight for Survival
The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years.
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Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt
Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of Neiman Marcus and Bergdorf Goodman.
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Saks Is at a Crossroads, Facing Creditor and Vendor Unease
The luxury retailer made an initial payment to bondholders on time, but six months after it acquired Neiman Marcus concerns about its finances remain.
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Saks Fifth Avenue Calls Off Holiday Light Show
The department store is canceling an annual show that has long drawn tourists to its flagship store in New York City.
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Saks Owner Is Said to Acquire Neiman Marcus in High-End Retail Deal
HBC, the parent of Saks Fifth Avenue, would acquire Neiman Marcus for $2.65 billion.
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Monica Hickey, Doyenne of Bridal Gowns, Dies at 100
As the director of salons at Henri Bendel, Bergdorf Goodman and Saks Fifth Avenue, she spent decades outfitting brides-to-be for their grand ceremonies.
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Wrong Orders and Fakes: Return Fraud Mishaps Make for Viral TikTok Videos
Return fraud is a rampant problem for both shoppers and retailers — and the mishaps often make for viral videos on TikTok.
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The Holiday Boom in New York Is Back. Sort Of.
After three years of less foot traffic and less spending, things are looking up this year, even if it’s not 2019 again.
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The Holiday Boom in New York Is Back. Sort Of.
After three years of less foot traffic and less spending, things are looking up this year, even if it’s not 2019 again.