Bergdorf Goodman in the spotlight as Saks pursues bankruptcy reshuffle, shuttering stores. Luxury department store since 1899, part of Saks.
Saks Fifth Avenue and Neiman Marcus are closing multiple stores across the US as part of a restructuring following Saks's Chapter 11 bankruptcy filing. The closures include locations in California and other states, with some flagship stores remaining open. The move reflects ongoing shifts in luxury retail strategies amid economic pressures.