Saks Global Enterprises to Close Over 10% of U.S. Stores Amid Bankruptcy Restructuring

Saks Global Enterprises announced plans to shut down more than 10% of its full-price stores in the United States. Bloomberg posted on X, highlighting that this move is part of the company's strategy to emerge from bankruptcy as a leaner and more profitable department-store operator. The decision reflects Saks' efforts to streamline operations and focus on enhancing profitability.