Saks Fifth Avenue Owner Files for Bankruptcy
The parent company of luxury retailer Saks Fifth Avenue has filed for bankruptcy protection. Get the latest details on this major business development and its potential impact.
Category : Search result: luxury retail news
Luxury Retailer Saks Global Files for Bankruptcy
Luxury retail giant Saks Global has filed for bankruptcy protection as it prepares for a significant corporate restructuring. Get the latest details on this major business development.
Saks Global Files for Bankruptcy Protection
Luxury retail giant Saks Global, owner of Saks Fifth Avenue and Neiman Marcus, files for Chapter 11 bankruptcy. The company secures $1.75B in financing to keep stores open while restructuring massive debt.
Saks CEO Baker Exits as Luxury Retailer Nears Bankruptcy
Richard Baker departs as CEO of Saks Global Enterprises just days after appointment, as the luxury retail conglomerate prepares for Chapter 11 bankruptcy protection. Read the latest on the leadership shakeup.
Suspects Wanted for Brantford Retail Thefts
Brantford Police have released images of two individuals wanted in connection with a series of retail thefts. The public is urged to assist in identifying the suspects.
Windsor retailers pursue theft charges more often: WPS
Windsor Police report a major increase in retailers pressing charges for shoplifting, signaling a tougher stance on retail crime. Learn about the data and community impact.
Abercrombie & Fitch Coming to Winnipeg in 2026
Fashion retailer Abercrombie & Fitch is set to open a new location in Winnipeg, marking a significant addition to the city's retail landscape. Learn the details and expected impact.
SSENSE founders buy back Montreal company in 2026 deal
The co-founders of SSENSE have repurchased the Montreal-based luxury fashion platform. Discover the details of this major business move and its local impact.
Rolls-Royce custom car designed to match a pet dog
A unique Rolls-Royce coupe was commissioned to capture the spirit of a client's beloved dog, Bailey. Discover the story behind this luxurious automotive customization.
Vancouver shop owner demands action after $3K theft
A Yaletown clothing store owner is calling for accountability after a brazen theft saw $3,000 in merchandise stolen. Surveillance footage captured the incident as retail crime concerns grow.
Calgary's 5 Most Expensive Homes for Sale in Jan 2026
Explore Calgary's elite real estate with a tour of the five most luxurious homes currently on the market in January 2026, from Eagle Ridge to exclusive estates.
Saks Plans Chapter 11 Bankruptcy Filing as Soon as Sunday
Iconic luxury retailer Saks Global Enterprises is preparing to file for Chapter 11 bankruptcy protection, marking a dramatic fall for the 150-year-old brand. Get the full story on the financial crisis.
Canadian Downtowns Gutted by Crime, 19% of Businesses at Risk
A wave of street disorder and crime is forcing businesses to close across Canada. New data reveals nearly 20% of retailers say their survival is unsustainable. Read the full analysis.
Peavey Mart Sets Opening Dates for Saskatchewan Stores
Peavey Mart has confirmed the official opening dates for its new retail locations in Saskatchewan. Get the latest details on the expansion of this popular farm and home store chain.
Why 2026 is Critical for Canadian Retail
Retail analyst Bruce Winder forecasts a pivotal 2026 for Canadian retailers, shaped by a new 'frugal and cautious' consumer, persistent inflation, and the rapid rise of AI. Discover the challenges and opportunities ahead.
Fabricland Announces Closure of Kitchener, Ontario Store
Fabricland will shutter its Kitchener location, marking the end of a destination for fabric and sewing supplies in the community. Learn about the closure details and local impact.
How Caution and Convenience Will Shape Canadian Retail in 2026
Expert Jessica Ramírez shares her 2026 outlook for Canadian consumer behaviour, highlighting a shift towards value and convenience. Discover the key trends set to define retail.
Saks CEO Steps Down as Bankruptcy Looms
Marc Metrick, CEO of luxury retailer Saks Global, has stepped down as the company faces potential bankruptcy. Get the latest details on this major business shakeup.
Luxury goods quality declining to fast fashion levels
A troubling trend sees luxury items built to last now falling apart quickly. Discover why heritage brands are shifting and what it means for Canadian consumers.
64 arrested, 155 charges in Durham retail theft crackdown
Durham Regional Police announce results of a major retail theft operation, leading to 64 arrests and 155 charges. The crackdown targeted organized theft across the region.
ECD Auto Design Announces Expanded 2026 Product Lineup
Florida's ECD Auto Design reveals its 2026 roadmap, expanding boutique heritage programs for BMW, Jaguar, Porsche, and Mustang, plus a new dual-line strategy for classic SUVs. Discover the future of bespoke luxury vehicles.
Quince End-of-Year Sale: Up to 30% Off Luxury Items
Quince's end-of-year sale is now live, offering discounts of up to 30% on cashmere, silk, leather, and more. Shop affordable luxury essentials before popular items sell out.
Ex-Olympian linked to Mexican raids, luxury vehicles seized
Mexican authorities seize high-end cars and motorcycles in raids connected to former Canadian Olympian Ryan Wedding, alleged to have ties to a drug kingpin. Get the latest details.
DOA Punk Band's Whistler Concrete Retreat Listed
A unique 4,200-sq-ft concrete home in Whistler, originally built by punk band DOA, hits the market after a no-expense-spared 2022 renovation. Explore its high-end features.
Edmonton Store Thrives Amid Online Shopping Boom
Discover how a local Edmonton retailer is defying the e-commerce trend and thriving with a unique, community-focused strategy. Learn their secrets to success.
Saks Considers Bankruptcy as $100M Payment Looms
Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
Massive fire destroys luxury home in Vaughan
A massive fire has completely destroyed a luxury home in Vaughan, Ontario. The blaze broke out on Tuesday morning, December 23, 2025. No injuries have been reported.
Saskatoon Retail Reinvented for 2025 Holiday Shopping Season
Saskatoon retailers are reinventing the holiday shopping experience by prioritizing personal, face-to-face customer connections. Discover how local businesses are adapting in a post-pandemic world.
Counterfeit bill circulation spikes in Canadian retail
Canadian retailers face a significant rise in fake currency circulation. Learn how to spot counterfeit bills and protect your business from financial loss.
Retail sales fall 0.2% in October ahead of holidays
Canadian retail sales declined to $69.4 billion in October, led by drops in food, beverage, and clothing. Economists see a flat trend signaling consumer caution.
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