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'Out of stock': What went wrong at luxury retailer Saks? - BBC

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TL;DR

Saks is facing severe financial troubles, including potential Chapter 11 bankruptcy, CEO resignation, and struggles with debt and financing, impacting its luxury retail operations.

  1. 'Out of stock': What went wrong at luxury retailer Saks?  BBC
  2. Saks’ Lenders Sensed Doom Spiral Was Worsening After Unsettling CEO Call  Bloomberg.com
  3. Dramatic Downsizing of the Saks Global Store Fleet Seen in a Bankruptcy  WWD
  4. Saks Global struggles to line up financing as potential bankruptcy filing looms  CNBC
  5. From luxury powerhouse to the brink: how Saks' big merger bet failed  Reuters

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