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The Backroom: Saks Global and the bankruptcy that everyone saw coming
['Retail Dive Staff']
Retail Dive - Latest News
Please let us know if you have feedbackWelcome to The Backroom, a window into what goes on behind the scenes as the Retail Dive team covers the stories and trends reshaping retail.
All last year, that grew louder as Saks Global’s financial difficulties grew more obvious, starting with the fact that the company was struggling to pay vendors.
Retail Dive reporters Dani James and Daphne Howland each visited Saks Fifth Avenue’s Manhattan flagship in recent months.
On this episode of the podcast, they discuss their impressions of the location, how Saks Global’s rivals are doing and what may come next.
Then Daphne speaks with Debtwire analysts Sarah Foss and Tim Hynes about Saks Global’s financial straits, how the bankruptcy might go and what it all means for retail more generally.