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Saks Global Enterprises, the parent company of luxury department store chain Saks Fifth Avenue, is considering a potential Chapter 11 bankruptcy filing as a last-resort option to address mounting liquidity constraints and near-term debt obligations, according to a Bloomberg report. The publication reported that Saks is evaluating bankruptcy as part of a broader effort to manage its balance sheet rather than as an imminent filing. The company faces a debt payment of more than $100 million due by the end of December, limiting its financial flexibility. According to the report, which cited people with knowledge of the matter, Saks has...

CHICAGO — Police are investigating two burglaries at high-end retailers along the Magnificent Mile overnight. In a bold crime, two men broke through a wall to burglarize Saks Fifth Avenue, 700 North Michigan, shortly before 3 a.m. The store’s remote security team saw a man walking around the fifth floor with armloads of merchandise and notified Chicago police. Cops eventually found a hole in the drywall on the fifth floor, according to a CPD report. The burglars escaped onto Michigan Avenue and got into a waiting vehicle moments before police arrived. An officer who saw the surveillance video described the...

CINCINNATI (WKRC) - Fourteen people arrested during the police violence protests in Cincinnati will face felony charges. They are accused of trying to assault police or damaging and looting stores. Hamilton County Prosecutor Joe Deters announced the indictments on Thursday. "I will defend a person's right to peaceably protest and I always will. But when individuals use that occasion to loot, attack our police and their equipment and damage private and personal property and public property, I'm done with them." The 14 face a variety of charges including assault, breaking and entering and gun charges. Deters said none of those...

Just who is Donald J. Trump's Prince, and why has he come now to buy into the Plaza Hotel? Prince Walid bin Talal is the Saudi ruling family's most prominent -- and most adventurous -- international investor, with large stakes in Citicorp, Four Seasons Hotels, Fairmont Hotels, Euro Disney and Saks Fifth Avenue, which is controlled by Investcorp of Bahrain.

Stephanie Wilson was reaching for a receipt inside a paper shopping bag from Saks Fifth Avenue when she found a letter pleading, "HELP HELP HELP." The message, written in blue ink on white lined paper, appeared to be a desperate cry from a man who said he made the bag while being unfairly held in a Chinese prison factory more than 7,000 miles away. "We are ill-treated and work like slaves for 13 hours every day producing these bags in bulk in the prison factory," continued the letter, which was tucked into the bottom of the bag. It ended, "Thanks...

Four women who are believed to be part of an organized Russian "retail theft ring" were arrested Saturday after trying to steal $32,000 worth of clothes from the Saks Fifth Avenue store in Boca Raton, police said. The women told police they were visiting Florida from New York but they couldn't say why and claimed to not speak English, according to Boca Raton police arrest reports.

High-end department store Saks Fifth Avenue Inc. said Wednesday that it will close its Denver store in March, making it the seventh store the New York retailer has closed since July. Since July, Saks has also closed stores in San Diego and Mission Viejo, Calif., Southampton, New York, Portland, Ore., Charleston, S.C., and Plano, Texas.

No sure if this has started to become a popular topic for posting yet...I thought Freepers might be interested in knowing that today I walked past the windows of S5A in NYC on fifth avenue. The decorating of these windows is an age-old tradition and one that draws huge crowds of tourists. Well, I am not sure if this is the first year but there is basicaly no reference to Christmas at all in the windows. Out of ten or so windows that I quickly walked by there was one grudgingly placed Christmas tree in a corner, period. The rest...

<p>EVER since Rosie O'Donnell came out of the closet, she's been dressing badly - and that ain't good. "She used to be dressed by Saks Fifth Avenue, but when she quit the show, she stopped going to the store," our source said. "Saks tried everything to get her back, but Rosie refused. Her style had changed." However, Saks is finally getting its old customer back tonight. O'Donnell agreed to show up to the store's party for New York magazine's style issue if - and only if - the star of O'Donnell's musical "Taboo," Euan Mornton, could be one of the hosts.</p>