The retail news at the end of year is gloomy. Moving into 2026, the Saks Fifth Avenue edges closer to bankruptcy. The luxury chain saddled with debt after merging with Neiman Marcus finds itself in a cash crunch. Vendors have not been paid, bond holders continue to wonder about cash flow. The planned 49% stake sell off of Bergdorf Goodman for $1 billion never came to fruition. Saks continued struggles have left many wondering if survival is possible.
Fast fashion retailer ZARA announced it is closing 100 stores across as the Spanish giant pivots to a new physical formats.