Saks Bankruptcy & the Death of Department Stores | What Happened, and What it Means for Us

Saks Global has officially filed for Chapter 11 bankruptcy and once again the world of fashion is experiencing unprecedented shifts. It's no secret that the retail space has been dwindling for years, and this feels like one more nail in the coffin. With more and more stores moving to a DTC model, and luxury fashion in general in a down pattern, what will the industry look like in the coming years? And more importantly, how is it going to impact us as consumers? More competition is good for the buyer - more options means potentially lower price points and more variety. My worry is that as more of these stores pull back and go entirely DTC, they will control their entirely sales pipeline and keep prices as high as they can. Which has already been the unfortunate trend. What do you think? Will Saks survive this? And what will become of the retail department store? Fashion People - Department Store Wars - https://open.spotify.com/episode/3vUD9XjYwN22I1gDh4hbQB Saks Global Files for Bankruptcy - https://www.cnn.com/2026/01/14/business/saks-global-files-for-bankruptcy-retail-hnk 00:00 - Intro 00:45 - How Did We Get Here? 06:55 - What Happens Now? 12:32 - What It Means for Consumers 16:50 - Conclusion & Final Thoughts #fashionnews #saksfifthavenue #fashionindustry