Saks Global Enterprises, the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, and Saks OFF 5TH, is ...

Italian luxury brand Brunello Cucinelli , known for its $3,000 cashmere sweaters, bet big on department stores, a strategy ...

A bondholder group is offering $1.25 billion of bankruptcy financing with the aim to take control.

GameStop has closed nine stores across Greater Los Angeles. Find out which neighborhoods lost their locations and how many ...

Trent Grisham was the first big move of the offseason. He accepted the New York Yankees qualifying offer to the tune of $22 ...

A year after merging, Saks Global is weighed down by debt, weak luxury demand and vendor pullbacks, raising Chapter 11 risks.

Saks Global Enterprises has been hit with a downgrade, adding to its growing list of challenges. The company — which includes ...

So started to run out of cash," said Gary Wassner, CEO of New York-based ⁠factoring firm Hilldun, which ‌buys unpaid invoices from retailers and is owed several million by Saks ⁠Global. By October, ...

The closure comes as the luxury department store chain and its sister company, Neiman Marcus, face an uncertain future and a ...

Barely a year after Saks bought rival Neiman Marcus, creditors are in talks over whether to provide more money to keep stores ...

Yankees broadcaster Michael Kay says the the qualifying offer accepted by Trent Grisham may prevent the team from resigning ...