An Industry Under Pressure
The potential Saks bankruptcy filing underscores the challenges facing department stores in an era marked by rising costs, changing shopping habits, and fierce competition from online and international luxury brands. Even iconic names, once seen as untouchable, are now navigating a narrow path between reinvention and restructuring.
As the December debt deadline approaches, all eyes remain on Saks Global’s next move — whether it can stitch together enough financing to stay out of court or whether bankruptcy protection becomes the runway for its next chapter.
