bankruptcy

I Visited Saks Fifth Avenue Before Bankruptcy: Empty Floors, Discounts

I come by my love of department stores honestly.Growing up, my mom and I would stop at Barney’s after doctor’s appointments and peruse through Bloomingdale’s on the way to the 6 train in its basement. I tried on prom dresses at Neiman Marcus and wedding dresses at Bergdorf Goodman.Saks Fifth…

Inside Saks’ Fight for Its Life: Bankruptcy Looms After a Year of Crisis

From the outside, Saks Fifth Avenue — the century-old department store in Manhattan — is literally glowing, its façade decorated with thousands of glittering lights as part of its annual holiday display.The shine, however, masks a retailer under pressure. On Friday, Saks named a new CEO, capping a tumultuous 12…