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Kat Chen
BoF retail editor and reporter with expertise on luxury retail and vendor relations, providing in-depth analysis of Saks' bankruptcy and its implications for the industry.
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Jan 15, 2026
• 22min
Saks’ Bankruptcy and the Future of Luxury Retail
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Join Kat Chen, BoF's retail editor and luxury expert, as she unpacks Saks' shocking bankruptcy filing. With $1.75 billion in restructuring plans and immense debt, she examines the reasons behind their financial downfall, including missed vendor payments and the burdens of their merger. Chen highlights the importance of shifting retail strategies, advocating for Saks to prioritize service and clienteling while learning from successful models like Dover Street Market. Are creditors set to gain ownership post-restructuring? Tune in for critical insights!
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