Death of a dream: Saks’ crisis exposes luxury department store woes
Chain sought to be the ultimate retailer in the sector but its collapse suggests plenty of shoppers never wanted it at all
Related reading
Leveraged luxury: fall of Saks Global to scorch US business stars
Gilded department store chain is grappling with heavy debt and angry suppliers
Luxury department store chain Saks files for bankruptcy
Retailer has struggled with high debt after acquiring rival Neiman Marcus and Bergdorf Goodman
Saks creditors suffer as high debt and slowing sales weigh on finances
Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default
Why the world fell out of love with luxury
High-end retail is caught in an identity crisis. Can slighted shoppers be persuaded to start spending again?
Luxury’s problem? The price isn’t right
High-end brands have ignored the aspirational shopper. No wonder they’re in trouble
Crisis and fashion collide at Paris couture
The world is in chaos. Can exquisite clothes that take hundreds of hours to make offer any respite?