Saks Global filed for bankruptcy on the same day fresh monthly sales data showed stronger-than-expected U.S. retail sales.

The luxury retailer filed for chapter 11 protection on Wednesday after struggling with sliding sales and mounting debts.

Department stores are increasingly being left behind as luxury brands connect directly with customers, both online and in ...

Geoffroy van Raemdonck, who previously saved Neiman Marcus, is now tasked with reviving Saks Global. He comes with proven ...

Saks Global said the company is 'evaluating its operational footprint to invest resources where it has the greatest long-term ...

The luxury retailer, saddled with debt and facing headwinds, says it's evaluating its physical store footprint as it goes ...

The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales ...

Luxury retailer Saks files for bankruptcy after missing $100 million payment, triggering restructuring amid mounting debt ...

Yet in the meantime, the episode is shaping up to be a painful lesson in the dangers of trying to catch a falling knife. The ...

Luxury moves from department stores to experience economies; Saks falters while Belmont, Bal Harbour and brand theatre take ...