Marketplace All-in-one
What happened to Saks?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:07:04
- More information
Informações:
Synopsis
Saks Global — the luxury retail conglomerate that owns brands like Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman — filed for Chapter 11 bankruptcy this week. But given that higher-income consumers are driving so much of spending, why is a chain of luxury department stores struggling? Then, the Trump administration is ending a special protected status for 350,000 Haitians, and the elder-care industry is expected to lose thousands of workers as a result.