Amazon has filed an objection to Saks Global bankruptcy funding plan, whose short-term financing was approved early Thursday by the judge who is overseeing the case in a Houston federal court.
In an expected move, the parent company of Saks Fifth Avenue, Saks Off 5th, Neiman Marcus and Bergdorf Goodman has filed for Chapter 11 bankruptcy protection.
Macy’s Inc. reported a better-than-expected third quarter with sales growth across its three banners as its turnaround strategy continues to gain momentum.