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Stock impact report

Factbox-Biggest US retail collapses in recent years as Saks Global files for bankruptcy [Yahoo! Finance Canada]

Brookfield Corporation Class A Limited Voting Shares (BN) 
Saks ?Global is a conglomerate of department stores created after then parent, Hudson's Bay, acquired rival Neiman Marcus in 2024. Saks Global owns ?luxury chains Saks, Neiman Marcus and Bergdorf Goodman. Listed below are some of the biggest bankruptcies among American department stores: Company Filing date Details The high-end Saks Global January 2026 department store conglomerate filed for bankruptcy protection, marking one of the biggest retail collapses ?since the COVID-19 pandemic. Lord & August 2020 The storied department store Taylor chain filed for Chapter 11 bankruptcy during the coronavirus outbreak. Neiman May 2020 The luxury department store Marcus chain filed for bankruptcy protection and completed its Chapter 11 process in September that year. J.C. Penney May 2020 The department store chain filed for bankruptcy protection. In December 2020, the company said its retail and operating assets would exit Chapter 11 after tw Show less Read more
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