Factbox-Biggest US retail collapses in recent years as Saks Global files for bankruptcy

Core Insights - Saks Global filed for bankruptcy, marking a significant event in the retail sector as it adds to a series of high-profile retail collapses in the U.S. over the past decade [1][2] Group 1: Company Overview - Saks Global is a conglomerate of department stores formed after Hudson's Bay acquired Neiman Marcus in 2024, owning luxury chains such as Saks, Neiman Marcus, and Bergdorf Goodman [1] - The bankruptcy filing occurred in January 2026, representing one of the largest retail collapses since the COVID-19 pandemic [2] Group 2: Historical Context - The bankruptcy of Saks Global is part of a broader trend of department store failures, with notable cases including Lord & Taylor in August 2020, Neiman Marcus in May 2020, and J.C. Penney in May 2020 [3][4] - Other significant bankruptcies in the retail sector include Barneys New York in August 2019 and Sears in October 2018, highlighting ongoing challenges faced by traditional retailers [5]