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Business · United StatesHigh-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic. The move cast uncertainty over the future of U.S. luxury fashion barely a year after a takeover that brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same roof.See the Story
Saks Global files for bankruptcy after Neiman Marcus acquisition
61% Center coverage: 167 sources

BusinessThe widely expected move could have major implications for Neiman Marcus. Experts have attributed Saks' troubles to the immense debt picked up to finance its 2024 acquisition of Neiman as well as strained relationships with vendors.See the Story
Neiman Marcus parent Saks files for bankruptcy protection
61% Center coverage: 21 sources

Walmart · United StatesBENTONVILLE, Ark. (KNWA/KFTA) -- Four Walmart executives are shifting into new roles according to a news release from the company. The four executives - three executive vice presidents and one president/CEO - will move into their new positions on Feb. 1. Those changes include: Executive Vice President and Chief Growth Officer for Walmart U.S., Seth [...]See the Story
Walmart names insider David Guggina as US CEO amid leadership shuffle
80% Center coverage: 15 sources