6 major retail bankruptcy cases of 2026, from Saks to Eddie Bauer

Tech Insider : Business, Environment
Saks Fifth Avenue store.
Saks Global's bankruptcy filing shows how much the retail giant owes to some of the biggest luxury brands.

Scott Olson/Getty Images

Bankrupt luxury retailer Saks plans to ditch its corporate jet

Tech Insider : Business, Travel
Saks Fifth Avenue store.
Saks Global's bankruptcy filing shows how much the retail giant owes to some of the biggest luxury brands.

Scott Olson/Getty Images

Only 15 Saks Fifth Avenue locations will remain after the latest wave of store closures

Tech Insider : Business
Saks Fifth Avenue's Chicago location
Saks Fifth Avenue's Chicago location is among the 20 locations that the company is shutting down.

Courtesy of Saks Global

I'm a designer, and Saks was my biggest customer. Now it owes me six figures, and I'm fighting to keep my business viable.

Tech Insider : Business
Fisayo Che
Fisayo Che, the founder of fashion brand Elisamama, counted on Saks for more than half of her business. The company's bankruptcy has left her questioning a yearslong partnership.

Courtesy of Fisayo Che

THEN AND NOW: Vintage photos show how department stores have changed

Tech Insider : Business, Economy, Technology
Department stores, then and now.
Department stores, then and now.

Bettmann/Getty Images ; Kamil Krzaczynski/Getty Images

Amazon is not happy with Saks

Tech Insider : Business
Saks Fifth Avenue logo; Amazon logo
Amazon is putting up a fight over Saks Global's bankruptcy financing plan.

Scott Olson/Getty Images; Matthias Balk/picture alliance via Getty Images

I went to Saks Fifth Avenue to see why the iconic department store was struggling. Hours later, it filed for bankruptcy.

Tech Insider : Business
Saks main floor
On the day it filed bankruptcy, Saks was nearly empty as sales associates waited to hear about the store's fate.

Madeline Berg/Business Insider

Saks owes hundreds of millions to luxury brands from Chanel to Burberry

Tech Insider : Business
A person enters the Saks Fifth Avenue department store in New York on January 13, 2026.
A person enters the Saks Fifth Avenue department store in New York on January 13, 2026.

ANGELA WEISS / AFP

Luxury retail giant Saks files for bankruptcy

Tech Insider : Business
saks
Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy.

Jimin Kim / SOPA Images/Reuters

Inside Saks Fifth Avenue's fight for its life: How a tumultuous 12 months left the retailer on the brink of bankruptcy

Tech Insider : Business, Economy, Technology
Torn Black Saks Fifth Avenue Shopping Bag.
Saks Global, the company behind some of the most iconic luxury department stores, is in trouble.

Getty Images; Alyssa Powell/BI

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