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…
Luxury retailer Saks seeks bankruptcy protection
The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago. Saks Global has secured roughly $1.75…
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…
Nextensa sells retail park in Vienna to Union Investment
Brussels, 14 January 2026, 17:55 Nextensa sells retail park in Vienna to Union Investment Nextensa announces the sale of its retail park Gewerbepark Stadlau in Vienna to an open-ended special real estate fund managed by Union Investment. The retail…
Retail sales rose a better-than-expected 0.6% in November as the holiday season kicked into gear
NEW YORK -- Shoppers increased their spending in November from October as holiday shopping kicked into full gear. Retail sales rose a better-than-expected 0.6% in November, following a revised 0.1% decline October, according to the Commerce…
Budget retailer reveals 180 new stores in grocery wars with Walmart
READ MORE: Costco shoppers insist these items make the annual fee a bargain Forget bratwurst and beer — Germany's most successful export to America right now might be cheap groceries. After opening a record 225 new stores last year, Aldi is…
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…
Retail Sales Brightened in November
Sales growth for U.S. retailers picked up in November, evidence that the consumer economy didn't lose steam in the home stretch of last year. Retail sales grew by 0.6% in November to $735.9 billion, an improvement from a slight pullback by shoppers…
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Retail Sales Report Shows Consumer Spending Remains Strong
U.S. retail sales rose 0.6% in November from the month before, exceeding economists' expectations, as the 2025 holiday shopping season got off to a strong start. Increases in sales of cars, building materials and sporting goods drove the higher…
Retail sales rose more than expected in November | CNN Business
Sales at US retailers rose at a solid pace in November, despite jitters about the economy and a slowing labor market.
Luxury retailer Saks seeks bankruptcy protection overwhelmed by debt
Getting your Trinity Audio player ready... By ANNE D'INNOCENZIO and ELAINE KURTENBACH, Associated Press The owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by rising competition and the massive debt it took on to buy its rival…
US Retail Sales Beat Estimates o
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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…
Retail Sales Rebound on Car Buying, Holiday Sales - TT
Shoppers wait in line outside a store in Herald Square before opening on Black Friday in New York on Nov. 28. (Adam Gray/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] U.S. retail sales rose in November by the most since…
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Legendary Luxury Retailer Saks Needs a New Start. It's Looking for 'Long-Term Potential
Saks Global Enterprises, which includes Neiman Marcus, Bergman Goodman, and its namesake brand, sought bankruptcy protection Wednesday. The retailer aims to keep stores open during the restructuring, and has appointed former Neiman Marcus CEO…
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