The closure of a decades-old department store in the heart of Boston will result in the layoff of 73 employees, according to documents filed with the state. The Neiman Marcus at Copley Place will be ...

PENNSYLVANIA (WHTM) — Saks Global, which is the parent company for the luxury department store Saks Fifth Avenue, has filed for Chapter 11 bankruptcy, resulting in the upcoming closure of two ...

The parent of Saks Fifth Avenue and Neiman Marcus plans to close nine department stores as part of an initial review in the luxury retailer’s chapter 11 restructuring proceedings. Eight Saks Fifth ...

Department stores in NYC — once the center of every famous rump waddling with every rich wallet — gone. Shut. Closed. Bye buy, ta-ta. Remember? Barneys, Lord & Taylor, Gimbels, S. Klein’s, Ohrbach’s, ...

When Saks Global filed for Chapter 11 bankruptcy protection in January, it raised uncomfortable questions about the viability of the American department store. Can a retail model built on volume and ...

Saks Fifth Avenue’s bankruptcy filing has revived debates about how these once celebrated shopping emporiums can regain their luster. The New York Visitors Information Bureau had a counter at ...

Economic challenges force a department store e-commerce platform to liquidate. The department store e-commerce platform could not secure a going-concern buyer for its assets. Department store chains ...

The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ...

The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years. By Kim Bhasin Vanessa Friedman and Lauren Hirsch Saks Global, the company ...

A national department store chain is closing more locations. Macy’s is in the process of closing 14 stores this year as part of a downsizing plan first announced two years ago, Retaildive.com reported ...

Another wave of closures has hit Macy’s, with over a dozen locations set to shutter across the nation in the coming months, including one on the border of the Bay Area. A notice on the department ...

The store is named for Joseph Lowthian Hudson, who ran a men's clothing store with his father in Ionia until the Panic of 1873 struck and he went bankrupt. Hudson moved to Detroit and the store many ...