'Out of stock': What went wrong at luxury retailer Saks?
Source: BBC
Danielle KayeBusiness reporterGetty ImagesShoppers leave a Saks Fifth Avenue store on December 30, 2025 in Chicago, Illinois.On a recent January morning, tourists admired the rows of Balenciaga and Burberry handbags on display at Saks Fifth Avenue's flagship midtown Manhattan location.But a conversation on the second floor hinted at financial troubles at one of America's most iconic luxury department…
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