Heads up if you’ve got Saks, Neiman Marcus, or Bergdorf Goodman gift cards: the parent company is about to file for bankruptcy. After buying Neiman Marcus with a big loan, Saks is now drowning in debt as shoppers cut back on luxury splurges. Stores may stay open during the process, but don’t wait to use your credits—returns and perks could change fast. It’s a reminder: in retail, even the fanciest brands aren’t immune to tough times. #Business #LocalBusiness #SaksFifthAvenue