Saks Fifth Avenue’s parent company just hit the panic button and filed for bankruptcy. Turns out, buying Neiman Marcus was like splurging on a designer bag you can’t afford—now they’re drowning in debt. For shoppers, this means Saks and Bergdorf Goodman are staying open (for now), but don’t be surprised if the shelves look a little bare. If you’re hunting for luxury deals, keep an eye out—retail shakeups can mean major sales ahead! #Business #LocalBusiness #SaksFifthAvenue