Saks Fifth Avenue’s parent company just filed for bankruptcy, and it’s not just a fashion fail—it’s a wake-up call for anyone who shops or sells luxury. Turns out, even big names like Chanel and Burberry are stuck waiting for their cash, and tech vendors are learning the hard way that retail clients can be risky. For shoppers, Saks says stores and gift cards are still good, but behind the scenes, the old department store model is looking shakier than ever. #Business #EntrepreneurshipStartup #SaksFifthAvenue