One of the United States’ oldest merchants has struggled to pay their debts.
The chain has been slow to win over retailers, putting its holiday establishment at risk.
The company did not comment on the potential bankruptcy filing.
When someone lives 100 years, they get a shout out from Al Roker on “Today”. That’s a tradition that WeatherMan and the media personality took over from the famous Galdin Wildard Scott, and it’s part of how impressive it is to see who lives the longest.
For business, however, making it to 100 is almost impossible. The list of products that reach that year is very small, and surviving to be a century or more means strengthening the company many times.
Many once-dominant brands simply go out of business or even exist. Sears, for example, was more powerful than Amazon or Walmart, and now the chain consists of just a few stores.
In fact, the list of one-time retail chains that have gone out of business is longer than the list of those that made it to 100.
Mervyn’s: Mid-tier department store chain; filed in 2008.
Montgomery Ward: Antique door shop; went out of business in 2001.
Gimbels: Historic department store chain; acquired by Batus and closed in 1987.
Marshall Field’s: Chicago department store founded by Macy’s in 2006.
Bowwit Teller: Department store chain that went out of business in 1990.
Kill it: Florida Department Store Chain merged with Macy’s in 2005.
Ames: Discount Department store removed in 2002.
Hecht’s: Atlantic department store; converted to macy’s in 2006.
Catch them: A discount department store that closed in the early 2000s.
A witch: Discount dealers in the northeast that closed in 1999.
Pizitz / Parisian: Regional Department stores were eventually sold or converted to Macy’s or Belk’s stores.
Hahne & Co.: A New Jersey department store that closed in the late 1980s.
He is rich: Atlanta department store; introduced to Macy’s in 2005.
Now, Another popular brand that traces its history back to 1902 has struggled financially.
Raghini Bhalla, head of brand and spokeswoman for Esperitbafe, shared some details on SAKS Fifth Avenue’s past problems, which could push the company into Chapter 11 bankruptcy filing.
SAKS Fifth Avenue has faced other financial struggles. Shutterstock” loading=”eager” height=”540″ width=”960″ class=”yf-1gfnohs loader”/>
SAKS Fifth Avenue has faced other financial struggles. Shutterstock
It is important to note that Bhalla used publicly available financial information to analyze the company. SAKS itself does not issue an immediate warning or make any public comments about chapter 11 bankruptcy filings.
“The days of SAKS Inc. Targets (DBT) for the past twelve months reveal a persistent pattern that has occurred in the industry for the 27-year period of 27 January 2025 and March 2025,” he shared in an email to TheSStreet.
The numbers have varied, but the company has been late in paying its debts.
This shows that the saks took about a month or more to pay off They don’t deliver late.
SAKS payment practices are well behind industry norms.
“Even as DBTy we progressed in May 2025 and in June 2025 (holding on At 30 months), it lasts about three times the course of the industry and jumps back Up to 39 in August 2025 and September 2025. This rate of payment, especially when sponsoring for an extended period, a red flag of substandard unity Issues and potential challenges with managing accounts payable,” he shared.
Multiple Bankruptcy:
Being slow to pay vendors can result in suppliers unwilling to ship to the company or give you credit.
“The consistency of these high DBT figures without further improvement is suggestive whether the company prioritizes other financial obligations covered by supplier payments, Which can drag down the trade relationship and weaken the temple’s purchasing power,” Bhallal wrote.
SAKS Fifth Avenue has also seen customers warm to the brand.
“The financial situation of SKS Global has become difficult in recent months, with Q2 Revenue falling more than 13 %% of the year to earn $ 288. Analysts have long warned that it would affect sales,” wrote Bhallalla.
That can be a huge red flag heading into the holiday season.
“Several retailers have reportedly stopped shipping to SAKS and Neiman Marcus altogether, creating higher invoices, despite the company’s $600 million Reminancing Redinances earlier,” he added.
Related: FileAIR SAID SAHSAI Popular Marriage Products 11 Bankruptcy
Bhalla made it clear that the company’s problem is cash flow and debt servicing.
“While the CEO Marc Metrick revealed that the income of ‘creating challenges’ illegal timber remains less competitive before the holiday period. The trust of suppliers has been SAKS entering the most important quarter of the year, “he shared.
While Saks Global is not public, it does share some information about its financial struggles.
The company admitted that it lost $100 million in the previous fiscal year.
“The luxury retailer has $275 million in excess payments to suppliers, management told bondholders in a Friday call in which it was allocated 12 months from February 1, people with knowledge said.
Globaldata CEO Neil Saunders was not impressed with the company’s results in July, when he shared sales data.
“The sales results are very soft, and although this includes the closure of stores, it emphasizes the fact that the business is placed weakly in the luxury market and” he told the trader.
Saunders made it clear that the company was playing a dangerous game.
“Businesses need to get supplier relationships back on track as they need supplier cooperation to be effective,” he said.
Macy’s (1858): Founded as Rh Macy & Co Mork City. Famous for Herald Square Flagship store and annual sonival.
Bloomingdale’s (1861): The tallest department store in NYC, now part of Macy’s, Inc.
Brooks Brothers (1818): Iconic Mensmear retailer known for classic suits and dresses. Filed for bankruptcy in 2020 but working.
Levi Strauss & Co (1853): Denim product and world; the pioneer of blue jeans.
Nordstrom (1901): It started as a shoe store in Seattle and is now a full-department entry-level store that values customer service.
Jpenney (1902): The nationwide Store Store restructured after the bankruptcy of the 2020s.
SAKS Fifth Avenue (1902): Trust Department Store; Flagship opening in Manhattan in 1924.
Neiman Marcus (1907): The Luxury Department is headquartered in Dallas, Texas.
LL Bean (1912): Outdoor gear and clothing retailer; It is famous for its catalog and customer service.
Kroger (1883): Supermarker Check Check is headed to Cincinnati.
Piggly wiggly (1916): The first self-service grocery store, founded in Memphis, Tennessee.
Safeway (1915): A food chain founded in Idaho, now part of the Albertsons Group.
walgreens (1901): The largest national pharmacy of the National CAMPERACT was issued in Chicago.
King & Taylor (1826): The classic US Department Store. Its NYC store is closing in 2021.
This story was originally reported by Thestreet on Oct 21, 2025, where it appeared first in the category Shopping. Add Thestreet as your favorite source by clicking here.
