Heads up, luxury lovers: Saks Fifth Avenue’s parent company just filed for bankruptcy, but your favorite store isn’t closing its doors—at least not yet. The company bit off more than it could chew buying Neiman Marcus and Bergdorf Goodman, and now it’s selling off some real estate and closing underperforming stores to pay down debt. The upside? Keep an eye out for big sales as they try to stay afloat! #Business #LocalBusiness #SaksFifthAvenue