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Saks Global

The Saks Fifth Avenue flagship store, after the store filed for bankruptcy protection, in New York City, U.S., Jan. 14, 2026. REUTERS/Brendan McDermid/File Photo
Feb 12, 2026

Saks to close Richmond store, laying off 40 workers

Saks Fifth Avenue will close its Richmond store, cutting 40 jobs as parent company seeks bankruptcy court approval.

Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026. REUTERS/Angelina Katsanis
Jan 9, 2026

Saks Global Plans Chapter 11 Bankruptcy Filing

Luxury retailer Saks Global plans to file for Chapter 11 as soon as Sunday as it seeks financing to stay operating.

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