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

Saks Fifth Avenue in San Francisco will require all shoppers make an appointment. The controversial move could solve a major headache.

Tech Insider
The Saks Fifth Avenue Club in Napa, California
The Saks Fifth Avenue Club in Napa, California. The San Francisco Union Square location is also transferring to the "Club" model, which requires an appointment to shop.

Hudson's Bay Company

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