Saks Global files for bankruptcy The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market.

There goes another part of my childhood! As a little girl I would accompany my two maiden aunts on their shopping trips to Saks and Bonwit Teller, cultivating champagne tastes despite a beer pocketbook. #luxury #Saks #Bonwit

Saks Global files for bankruptcy www.nbcnews.com/business/bus...