Araverus Team|Tuesday, February 10, 2026 at 7:36 PM
Araverus Team
Feb 10, 2026 · 7:36 PM
Bankruptcy · Neiman Marcus · Saks Fifth Avenue · Store Closures
Saks Fifth Avenue and Neiman Marcus plan to close nine department stores as part of their chapter 11 restructuring, including eight Saks locations and one Neiman Marcus store in Boston.
The operator of Eddie Bauer stores in the U.S. and Canada has filed for bankruptcy, becoming the latest retailer to do so as headwinds challenge the industry.
U.S. markets are closed for Presidents Day. GDP and inflation data are due in the coming days, while Walmart will be in focus in another batch of blue-chip earnings.