What happened to Saks?

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Recorded15 Jan 2026

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Handlerec:15338710

Show notes

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.

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