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Saks Global Cuts Stores, Boosts Shipments

Author: The Daily News Now! March 7, 2026 Duration: 1:28

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Irvine News Today | 2 Min News | The Daily News Now!

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Irvine News Today | 2 Min News | The Daily News Now! is your rapid-fire briefing on what matters in Orange County and across California. Produced by The Daily News Now!, this podcast delivers AI-powered two-minute reports so you can stay informed without slowing down your day. In each concise update, you will hear the latest in tech, business, community news, crime, weather, and broader California developments, all voiced by Corey Cambridge for a clear, consistent sound. As part of the worlds largest local podcast network, Irvine News Today focuses on relevance, accuracy, and speed. Listen episodes to start your morning, catch up on a commute, or stay in sync between meetings. Expect tightly edited, no-filler news that respects your time while keeping you plugged into what is happening right now.

Saks Global, parent of Saks Fifth Avenue and Neiman Marcus, is closing more stores amid bankruptcy, focusing on top earners and debt reduction. Twelve Saks Fifth Avenue and three Neiman Marcus stores will shut down by May, leaving thirteen Saks Fifth Avenue and thirty-two Neiman Marcus locations. Despite closures, five hundred brands have resumed shipments, releasing nearly one point three billion dollars in retail receipts, covering over eighty percent of inventory from February to April.

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