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#Luxury Retail

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Interior view of a luxurious department store featuring art and lounges
EconomyEN
Saks Fifth Avenue Retail Experience 2026: Dept Stores Pivot to Services

Explore how Saks Fifth Avenue and other major department stores are prioritizing 'shopping experiences' to survive financial instability in 2026.

Saks Fifth Avenue flagship store facade in New York City
EconomyEN
Saks Fifth Avenue in Talks for $1 Billion Emergency Loan to Stay Afloat

Saks Fifth Avenue is reportedly seeking a $1 billion loan to maintain operations. Bloomberg reports the luxury retailer is facing liquidity challenges in the current economy.