robertocarter+FollowSaks on Fifth: Is the Iconic Store Closing?Heard the buzz? Saks Fifth Avenue is in deep water, missing a big debt payment and possibly heading for bankruptcy. If you love window shopping on Fifth or scoring deals at Saks Off Fifth, brace yourself—stock could get even scarcer, and some stores might close. The drama? Saks bet big on buying Neiman Marcus, but online shopping and brand stores left them in the dust. Keep an eye out for sales, but don’t count on those holiday windows forever! #Business #EntrepreneurshipStartup #SaksFifthAvenue00Share
Anthony Cook+FollowSaks, Neiman Marcus: Luxury Shopping Shakeup?Ever wondered if your next Saks or Neiman Marcus spree might be your last? The parent company is scrambling to pay off a massive bill, and late payments to suppliers are raising eyebrows. Execs are jumping ship, but Saks says they’re still in the game after a big cash boost. If you love luxury deals, keep an eye out—there could be major sales or changes ahead! #Business #LocalBusiness #SaksFifthAvenue00Share
Nicole Washington+FollowWould You Shop a Saks Going-Out-of-Business Sale?Heads up, luxury lovers: Saks and its fancy friends (Neiman Marcus, Bergdorf Goodman) might be headed for a bankruptcy sale. With a $100 million bill due soon, Saks is scrambling to keep the lights on—think fewer stores, more clearance racks, and maybe a CEO swap. If you love a good deal, keep an eye out for deep discounts as these iconic stores try to stay afloat. It’s a reminder: even the fanciest brands can hit hard times! #Business #LocalBusiness #SaksFifthAvenue31Share
Samuel Gutierrez+FollowBoston Saks stylist scandal rocks local shoppersA trusted Saks Fifth Avenue stylist, once known as Boston’s “Fashion Whisperer,” is at the center of a growing scandal involving accusations of exploiting vulnerable clients and racking up hundreds of thousands in questionable charges. For years, some clients say they flagged suspicious purchases—like luxury handbags and jewelry they never received—yet their concerns were brushed aside. Now, with criminal charges and a fired stylist, many in Boston’s shopping scene are wondering: How could this go on for so long? Has anyone else had a similar experience with high-end personal shoppers? #Business #Boston #SaksFifthAvenue00Share
Tristan Richards+FollowSaks Fifth Avenue in Hot Water?Heads up, luxury shoppers: Saks Fifth Avenue’s parent company is flirting with bankruptcy because of a massive debt bill due soon. If you’ve been eyeing a splurge, you might want to watch for potential sales or changes in store perks. With fewer folks spending on high-end treats lately, Saks is scrambling to keep the lights on—so keep your eyes peeled for some shakeups or deep discounts. #Business #EntrepreneurshipStartup #SaksFifthAvenue00Share
Vanessa Brown+FollowWould You Shop a Saks Fifth Avenue Fire Sale?Saks Fifth Avenue’s parent company is scrambling for cash and might file for bankruptcy if it can’t pay a $100 million bill soon. If you love luxury shopping, keep an eye out—this could mean big sales or changes at Saks and maybe even at Bergdorf Goodman. The real story? Even high-end stores feel the pinch when people cut back on splurges. Time to watch for deals! #Business #EntrepreneurshipStartup #SaksFifthAvenue01Share
