RETAIL CLOSURE BANKRUPTCY ECONOMICS

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Feb 11 2026BUSINESS

Saks Shuts Its New Orleans Store as Retail Shake‑Up Continues

The flagship Saks Fifth Avenue on Canal Street will close its doors in April 2026. The decision comes as the parent company, Saks Global Enterprises, files for Chapter 11 and trims unprofitable locations nationwide. The New Orleans outlet has been a downtown landmark since the early 1980s, reopen

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