On March 18, 2026, it was reported, the vendor community has rallied around Bloomingdale's like never before," Macy's Inc. CEO Tony Spring told analysts Wednesday. With some help from Saks Global's bankruptcy, Macy's Inc.'s Q4 surpassed expectations in most measures. Net sales in the period fell 1.6% year over year to $7.6 billion, with comps up 1.8%. Net income surged nearly 50% to $507 million. At Bloomingdale's, which took share from Saks Global in Q4, net sales rose 8.5% and comps surged 10%. Bluemercury net sales rose 2.5% and comps rose 1.3%. At Macy's, shuttered stores helped drive down net sales by 3.2% as comps rose 0.4%. Minus closures, comps rose 0.6%, and at 125 revamped stores comps rose 0.9%. : Macy's Inc.'s rehabilitation of its namesake banner appears to be hitting its stride, with revamped stores notching growth in seven out of eight quarters. Last month, store improvements more staff, more brands and "better execution in the store, better storytelling" began at another 75 Macy's stores, CEO Tony Spring told analysts Wednesday. The star of the quarter, though, is Bloomingdale's, the company's higher-end department store. Spring led the retailer for nearly a decade before taking the reins at Macy's Inc. two years ago. Bloomingdale's may be garnering not just sales and customers from the Saks troubles, but also merchandise. In contrast to the Saks Global stores, which are slowly but surely repairing vendor relationships that soured over many months, Spring said that Bloomingdale's enjoys "excellent vendor partnerships." For this year, Macy's Inc. expects net sales of $21.4 billion to $21.65 billion, compared to $21.8 billion in 2025, and comps to land between a 0.5% decline and a 0.5% increase.
On February 26, 2026, it was reported, More than 380 brands have resumed shipments to Saks Global stores, with inventory flow improving each week since mid-January, CEO Geoffroy van Raemdonck said in a LinkedIn post this week. The sign of improvement in what has been a longstanding problem for the luxury retail giant follows a second-day hearing in its bankruptcy proceeding that unlocked further financing. Saks Global garnered access to $325 million from its $1.75 billion financing package, per van Raemdonck's post. That makes about $825 million since mid-January, with "another $300 million tranche expected in the coming weeks," he said. Failure to pay invoices helped land Saks Global in bankruptcy court. For the past year, beginning before the company's $2.7 billion acquisition of Neiman Marcus Group in late 2024, an increasing number of vendors balked at sending shipments. A resulting dearth of inventory was hurting sales by the second quarter of 2025. Last week the bankruptcy court authorized Saks Global to pay claims, outstanding before the filing, to certain "critical vendors." The company told the court it had "resolved the majority of formal and informal objections" to its financing. A number of luxury brands, including David Yurman, Kering, LVMH Mot Hennessy Louis Vuitton, Moncler and Richemont previously filed objections over concerns that their rights to consigned merchandise be protected. Those major fashion brands, owed substantial sums, were always likely to be ahead of smaller vendors in line to be paid once Saks Global filed for bankruptcy.
On December 30, 2025, it was reported, Saks could be the next department store to seek relief in bankruptcy court amid growing liquidity challenges. Saks Global Enterprises, the parent corporation of Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman, is weighing a Chapter 11 bankruptcy filing as they contend with mounting debt, people familiar with the matter told Bloomberg. This decision comes as the retailer is facing a more than $100 million debt payment due at the end of December. SAKS FIFTH AVENUE SHUTTING DOWN SAN FRANCISCO AFTER 45 YEARS. Reports began circulating that CEO Marc Metrick may also be preparing to step down. Metrick took the helm in December 2024 when Saks Global finalized its $2.7 billion acquisition of Neiman Marcus Group. Under the terms of the deal, Saks Global added Neiman Marcus and Bergdorf Goodman to its portfolio and appointed Metrick to lead the Saks Global Operating Group, which includes Saks Fifth Avenue and Saks OFF 5TH. But it has been seeking to alleviate financial pressures ever since. Over the past year, Saks cut hundreds of jobs and shuttered stores and corporate offices. In fact, Saks Fifth Avenue, along with Saks Off 5th and Hudson's Bay stores, also closed the majority of its locations in the Canadian market. It will continue closing stores next year as well. For instance, it's already planning to close certain Saks OFF 5TH stores starting in early 2026 as part of a broader effort to "optimize" its store. In September, reports surfaced that it was even exploring the sale of a minority stake, about 49%, in Bergdorf Goodman for about $1 billion. People familiar with the matter told The Wall Street Journal that there had been at least four potential bidders.
On December 11, 2025, it was reported, Hooker Furnishings reported a deeper third-quarter loss as hospitality project timing, non-cash impairment charges and continued macroeconomic pressure weighed on results, but executives said the company's recent strategic divestiture and upcoming product launches have set it on a clearer path toward profitability. For the quarter ended Nov. 2, consolidated net sales fell 14.4% from the prior year, driven primarily by an $11 million decline in Samuel Lawrence Hospitality (SLH) shipments. Operating loss totaled $16.3 million, largely the result of $15.6 million in non-cash intangible impairment charges. Loss from discontinued operations was $8.6 million. The company also completed a major portfolio shift. On Dec. 1, Hooker announced the sale of its Pulaski Furniture and Samuel Lawrence Furniture value-priced brands within the Home Meridian (HMI) segment. T Margaritaville launch exceeds expectations Hooker executives highlighted what they view as the company's most significant organic growth driver: the new Margaritaville licensed collection, which debuted at the October High Point Market. The company said 55 retailers have already committed to installing Margaritaville-branded galleries. Hoff said the company's revised warehouse strategy centered on its new Vietnam facility now allows "collections from our various suppliers to be mixable in single containers and providing six to 10-week fulfillment to our customers' door,". S&A expenses declined $5.9 million in Q3 and $9.7 million year-to-date, reflecting restructuring progress . Hooker repaid $17.9 million of debt year-to-date and ended the quarter with $63.8 million in borrowing capacity. Inventory decreased to $52.1 million.
