Despite Saks Fifth Avenue’s bankruptcy filing, your local store isn’t closing — yet

Saks Fifth Avenue shopping sprees aren’t over just yet. The Chapter 11 bankruptcy of Saks Global, the parent company of Saks Fifth Avenue, sent shockwaves across the luxury retail world this week. The dramatic move comes barely a year after the company rapidly expanded its 13 million-square-foot real estate footprint with to the recent acquisition...