Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Luxury retailer Saks Global files for bankruptcy as it prepares to restructure
Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself in the increasingly competitive upscale market after obtaining about $1.75 billion in financing commitments. The New York-based private company that owns retailers…
From humanoid robots to agentic AI, I learned what retail insiders are buzzing about at a major industry conference
There were two little letters on everyone's lips: AI. Each year, the National Retail Federation, a leading industry trade group, hosts one of the industry's largest conferences, known as Retail's Big Show. I attended the convention, held in New…
Luxury retail giant Saks files for bankruptcy
Saks Global has declared bankruptcy. The owner of Saks Fifth Avenue and other iconic luxury department stores filed for Chapter 11 bankruptcy on Tuesday in the Southern District of Texas. Each of Saks Global's marquee brands — it also owns…
Luxury retail conglomerate Saks Global files for bankruptcy protection
Jan. 14 (UPI) -- Saks Global, the luxury retail parent company of Neiman Marcus, Bergdorf Goodman and Saks Fifth Avenue, announced late Tuesday that it has filed for bankruptcy. The high-end retail conglomerate announced its Chapter 11 bankruptcy…
Luxury Retailer Saks Files Bankruptcy After Turnaround Bet Fails
Saks Global Enterprises filed for bankruptcy to address mounting losses and a substantial debt load that has weighed down the iconic luxury retailer. The company, which operates its Saks Fifth Avenue stores along with Bergdorf Goodman and Neiman…
Retail investors turn to gold ETFs amid weakening won
A growing number of retail investors are increasing their holdings of gold exchange-traded funds (ETFs), prompted by rising demand for safe-haven assets as the Korean currency weakens and global geopolitical and policy uncertainties intensify…
Saks' CEO Baker to Exit Luxury Retailer Ahead of Bankruptcy
Saks Global Enterprises ' Chief Executive Officer Richard Baker is departing less than two weeks after taking over the top job as the beleaguered luxury conglomerate he created prepares to restructure under bankruptcy court protection. Baker, who…
Finalists announced for Inside Retail's Retailer Awards 2026
Inside Retail has announced the finalists for the upcoming Retailer Awards 2026, presented with Shiperoo. Judges this year include Nick Gray, founder of IGU Global; Rachael Hockaday, MD at Haeday; Colleen Callander, founder of Mentor Me Women;…
Day three at NRF: How retailers like Target are bracing themselves for 2026
January 13 marked the third and final day of Retail's Big Show, the National Retail Federation's (NRF) annual conference and expo, held in New York City this week. Running from January 11 to 13, the conference drew 40,000 global retail executives…
Luxury retailer Saks Global files for bankruptcy
The group has struggled with a substantial debt load and said in a statement it had initiated bankruptcy proceedings in the US Bankruptcy Court for the Southern District of Texas. Saks Global said it had appointed former Neiman Marcus Group head…
Four retail engagement shifts shaping the future of customer experience in 2026
Retail customer experience is being reshaped in real time. Shoppers move effortlessly between physical and digital environments, expect brands to recognise them across every interaction, and disengage quickly when experiences feel impersonal or…
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Tredence Pushes Agentic Commerce to Redefine Retail Personalisation
Tredence unveiled a new set of Agentic Commerce solution accelerators, marking a strategic push to help retailers move beyond point-level personalisation toward fully orchestrated, intent-driven shopping journeys. The enterprise-grade accelerators…
New map shows London's shoplifting hotspots as police boss slams retailers
The shoplifting capital of London has been revealed by data - as retail crime continues to spiral amid the cost-of-living crisis and a theft “epidemic”. Home Office figures show that shoplifting offences have soared across the nation…
19 GameStop locations closing in Chicago, suburbs as retailer reduces footprint
GameStop has shuttered at least 10 locations in the Chicago area as part of a nationwide downsizing effort, and additional closures are planned this week. In its most recent quarterly report, the retailer said it anticipated closing 'a significant…
Big Retail Revolt Against Mercosur: Why We Won't Buy These Products!
As the European Union has just approved a free trade agreement with the Mercosur countries, major French retail giants have made a definitive and united stand: South American meats will not be crossing the thresholds of their stores. This…
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