Saks executives must give up corporate jet used for personal travel under bankruptcy plan. Saks executives were also use to luxurious travel, inclduing five star hotels and five star restaurants and limo service.

Saks spins the chapter 11 into something “transformative” to “ well position Saks for a strong future “ OMG!

Who's to blame? Ten years ago, the idea of something like this happening to Saks would be laughed at. It takes especially incompetent leadership to bring us to this point. We're losing our jobs because of them. This makes me both so sad and angry... — read more 

WWD.com EXCLUSIVE: Navigating the Saks Global Bankruptcy — the Roadmap Ahead CEO Geoffroy van Raemdonck details progress in the Chapter 11 proceedings, what to expect in the coming weeks, and plans for getting Saks Global back on its feet. By DAVID... — read more 

Chicago, Las Vegas, Honolulu, Tysons Corner, and South Coast Plaza are all top tier locations with lots of foot traffic in the mall and surrounding areas, if these locations are closing, I eventually see all locations going under. Please, if you... — read more 

... — read more 

https://fox56.com/news/local/saks-facility-in-pottsville-set-to-close-435-jobs-impacted

Link: https://www.youtube.com/watch?v=t89am-mBYIE

Everyone sees the writing on the wall Get out while you can! This is as bad as it can get in luxury retail.

Bergdorf Goodman employees are fleeing to Bloomingdales on 59th and also luxury boutiques on Madison Avenue. Some employees are saying their paychecks are being manipulated and they are being cheated out of hundreds of dollars per week.

Everyone is realizing that this is a sinking ship, over the last 3 weeks, stores have seen entire departments quit, including management.

Everyone is leaving. Everyone! Get your resume ready! Get away now!

I believe eventually either Saks or Neiman’s will close stores which are located near each other. Atlanta, Chicago, Beverly Hills, Tyson’s corner, and Bal harbor come to mind. It seems like this will be the next logical move. Whichever of the two... — read more 

Links: https://filecache.investorroom.com/mr5ir_saksglobal/1210/Saks_OFF_5TH_and_Last_Call_Store_Footprint.pdf https://www.prnewswire.com/news-releases/saks-global-sharpens-focus-on-luxury-retail-and-full-price-selling-302674428.html Link to the... — read more 

News hits Thursday.

https://www.costar.com/article/799870821/mall-giant-simon-seeks-to-scrap-two-saks-global-store-leases https://www.retaildive.com/news/saks-off-5th-online-liquidating-five-years-after-split-brick-and-mortar/810454/ Link to the video:... — read more 

Link to the article: https://www.cnbc.com/2026/01/14/saks-global-files-for-bankruptcy-protection.html Link to the video: https://www.youtube.com/watch?v=xLbYeI7vvw4

Nordstrom, Bloomingdales, Dillards, Von maur, anything will be better than this disaster, get out now!!!!

richard baker steps down and now they need $1 billion to keep the doors open. get your resume ready!

WWD EXCLUSIVE: Saks Off 5th Sets Nine Store Closings The off-price retailer within Saks Global did an extensive review of its store fleet, examining market dynamics, lease expirations and customer behavior, among other factors. By DAVID MOIN Plus... — read more 

The job cuts included the elimination of the merchandising coordinator position, as Saks Global continues to blend the merchandising systems of Saks Fifth Avenue and Neiman Marcus into an integrated system, WWD... — read more 

Saks or NM closing? Can't imagine they keep both open, but....

Richard Baker is shifting the deck chairs ... more drama next month.

Saks Global is shutting down a fulfillment center in La Vergne, Tennessee, and eliminating 446 jobs, according to a WARN notice. La Vergne is about 19 miles southeast of Nashville. The facility is part of Saks Global, a New York-based holding... — read more 

Saks will be closing the Union Square location in San Francisco. The last full day of business will be May 10th.

The retail giant — which also owns Saks Fifth Avenue, Bergdorf Goodman and Saks OFF 5TH — will lay off employees from finance, legal and operations, human resources and technology departments, according to an internal memo sent to staffers that was... — read more 

A round of layoffs is also slated for the location, a spokesperson for the New York-headquartered chain told the San Francisco Chronicle on Thursday (the Chronicle and SFGATE are both owned by Hearst but have separate newsrooms). The number of... — read more 

Saks wants to buy Neiman's..look at the disaster in Europe.. We are said to be laying people off and no raises to try to pay for this silliness

Are all stores suffering with stock issues or is it just a handful ? What is the outlook ?

It has been circulating that the current president of saks Off fifth was fired for improper conduct with a subordinate. Can anyone confirm this? There has been no publicity.

A former Saks employee in Columbus Ohio was awarded $9.3 million from a jury who determined she was terminated unjustly because of her race. Saks denied any wrongdoing and is set to appeal the case.

I heard some notifications went out yesterday, not sure about today.

I just read read that saks will file bankruptcy this week.

Does anyone know what is going on with that store? Even before Covid, it kept getting delayed and I wonder if the company is just going to pull out of that mall entirely now.

Expect layoffs and pay cuts by December 2020

Is Saks doing the same thing as Macy's

Not accepting guilt, still noting it got chaotic: https://nypost.com/2017/12/06/saks-fifth-avenue-owner-admits-summer-layoffs-sparked-chaos/