The company has been slow to pay some bills. Some vendors are slowing shipments to the company’s brands. The chain has been closing locations and making other moves to preserve cash. A retailer surviving for 158 years requires constant adaptation. Nostalgia only goes so far and the past few years have been brutal for previously enduring retailers. Canada's Hudson Bay, for example, closed outright after over 350 years while Sears, once America's most powerful retailer, is down to a handful of strug ...

It's important to note that Bhalla used publicly-available financial information to analyze the company. Saks itself has not issued a going concern warning or made any public comment on a potential Chapter 11 bankruptcy filing.Ragini Bhalla, head of brand and spok=esperson for Creditsafe, shared some data on the struggles that Saks Fifth Avenue has undergone, which could push the company into a Chapter 11 bankruptcy filing.Now, another legendary retail brand that traces its history back to 1902 has been str ...