The $700M in Market Share ‘Up for Grabs’ in the Saks Global Bankruptcy
Most of the talk around Saks Global’s bankruptcy has centered on the heartache, broken promises and lost money that fashion’s endured — but there’s a bright side for competitors looking to grab market share. And there might be $700 million up for grabs, according to Oliver Chen, a retail analyst at TD Cowen. More from WWD Store closings are a regular feature of retail bankruptcies as companies in Chapter 11 can exit otherwise locked-in-place leases. Saks Global has 70 department stores between its name ...