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158-year-old department store closing more stores, no bankruptcy
thestreet.com/retail/158-year-old-saks-5th-ave-department-store-closing-more-stores-no-bankruptcy
The company has been slow to pay some bills.
Some vendors are slowing shipments to the brand.
The chain has been closing locations and making other moves to preserve cash.
A retailer surviving for 158 years requires constant adaptation.
Nostalgia only goes so far and the past few years…
This story appeared on thestreet.com, 2025-11-06 18:44:54.