Saks Global, century-old high-end department store chain, files for bankruptcy
The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
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The venerable retailer is seeking protection from its creditors after its $2.65 billion purchase of Nieman Marcus failed to spark growth.
More than 8,000 stores closed across the U.S. this year, according to retail industry data, including these well-known brands.
Residents of Leland House in Detroit will not have to move out of their homes thanks to an agreement reached with DTE.
Standing on the Woodward Avenue site are a gleaming 45-story tower and a 12-story office building. The new 1.5 million-square-foot Hudson's Detroit development also contains retail space and will feature high-end condos.
Spirit Airlines again filed for bankruptcy protection from its debts only months after emerging from Chapter 11.
Accessories retailer Claire's just revealed a list of hundreds of stores it will close as part of its Chapter 11 bankruptcy proceedings.
Del Monte Foods, producer of canned fruits and vegetables, initiatied Chapter 11 proceedings on Monday and is seeking a buyer.
As part of the bankruptcy proceedings, 26 At Home stores across the United States will close.
Regeneron, a biotech company, will acquire 23andMe for $256 million and vowed to comply with the genetic testing company's privacy policies.
Weight Watchers, a weight loss program with a history of over 60 years, has entered the Chapter 11 bankruptcy process. WW says services for members will continue.
Record consumer debt, years of steep inflation and other factors are driving more Americans to considering filing for bankruptcy.
Fabric and crafts retailer Joann is closing all of its remaining stores after failing to find a buyer that would keep them open.
Fabric and crafts retailer Joann Fabrics filed for a second bankruptcy this week, announcing the closure of nearly 500 stores nationwide.
Fabric and crafts retailer Joann has announced it will be closing approximately 500 stores nationwide, almost a year after filing for bankruptcy.
Big Lots has reached a deal that will keep hundreds of its stores open after filing for bankruptcy protection earlier this year.
The Container Store said it is filing for bankruptcy protection after years of losses and declining sales.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Pontiac General Hospital has filed for bankruptcy days after announcing the loss of Medicare funding and announcing over 240 layoffs.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Big Lots files for Chapter 11 protection after years of declining sales and hundreds of store closures.
Giuliani himself asked for the dismissal, after months of missing court deadlines in his bankruptcy case.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
It's a financial comeback a decade in the making; Detroit's credit rating is now back to what it was before the city went broke and couldn't pay its bills.
The retailer that caters to quilters and crafters also said it has been weighed down by higher tariffs from China.
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.
Paul Reed finished with 26 points, six rebounds, three assists and three blocks and Tobias Harris scored 24 points in limited minutes Sunday, propelling the Eastern Conference's top-seeded Detroit Pistons past the Indiana Pacers 133-121.
A shelter-in-place order has been issued for part of Marine City, Michigan, on Sunday night, after law enforcement learned of an "alleged active shooter," according to the St. Clair County Sheriff's Office.
U.S. Rep. Shri Thanedar, D-Michigan's 13th Congressional District, held a town hall Sunday for constituents on the war in Iran.
A marginal risk of severe weather exists Monday night with potential for large hail and gusty winds. Tuesday is a NEXT Weather Alert Day as the latest Storm Prediction Center Day 3 outlook shows a slight risk (2/5) for severe weather for all of lower Michigan.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
A shelter-in-place order has been issued for part of Marine City, Michigan, on Sunday night, according to the St. Clair County Sheriff's Office.
Police in Inkster, Michigan, say they're investigating a shooting that left two teenagers dead early Sunday.
A marginal risk of severe weather exists Monday night with potential for large hail and gusty winds. Tuesday is a NEXT Weather Alert Day as the latest Storm Prediction Center Day 3 outlook shows a slight risk (2/5) for severe weather for all of lower Michigan.
A 28-year-old man is dead and another man is in custody after a shooting during what the Oakland County Sheriff's Office said was an apparent robbery in Pontiac, Michigan, on Saturday afternoon.
A Michigan man is facing two charges after the FBI found him with a missing 15-year-old Ohio resident at a hotel earlier this month, according to a federal court document.
At a gas station in Detroit, owner Mohamad Mallah, known to customers as Big Moe, decided to give back in a big way.
On average, drivers in the state are paying $3.87 per gallon for regular unleaded fuel.
Michigan Gov. Gretchen Whitmer has declared an energy emergency in eight Southeast Michigan counties amid rising gas prices across the state.
General Motors has announced that it's making another round of layoffs at its Factory Zero plant in Metro Detroit. The latest round, the second this year, impacts roughly 1,300 workers and is due to a readjustment of operations amid declining electric vehicle demand.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Restaurants are being considered for the new Michelin Guide American Great Lakes Edition, set to be revealed in 2027.
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
The bag, called the "Gold Standard Cassette Tape," features a bold, nostalgic design inspired by classic cassette tapes.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
President Trump said the U.S. Navy will begin blockading ships from entering or exiting the Strait of Hormuz and intercept vessels that have paid tolls to Iran.
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
Autism in the D is hosting a "Weekend of Inclusivity," featuring two events aimed at supporting families and highlighting gaps in autism resources across the city.
Dominic Weber and Haylie Reeves met at North Star Reach as campers in 2016.
The Detroit Health Department is hosting a Public Health Week through Saturday, April 11, to provide resources in neighborhoods.
The Michigan Department of Health and Human Services is encouraging parents to consider moving up their children's vaccines against the measles in seven counties.
Many Michigan teens in severe mental health crises are sent far from home for treatment due to a lack of local resources.
Paul Reed finished with 26 points, six rebounds, three assists and three blocks and Tobias Harris scored 24 points in limited minutes Sunday, propelling the Eastern Conference's top-seeded Detroit Pistons past the Indiana Pacers 133-121.
Rory McIlroy of Northern Ireland won the 2026 Masters Tournament at Georgia's Augusta National, claiming his second straight green jacket.
Tarik Skubal outpitched Sandy Alcántara in a matchup of Cy Young Award winners, Dillon Dingler, Kevin McGonigle and Kerry Carpenter homered and the Detroit Tigers earned a three-game sweep with an 8-2 win over the Miami Marlins.
The Detroit Red Wings sat on the bench, stewing in stunned silence, after their latest loss sealed their fate as a franchise relegated to watching the NHL playoffs on TV.
Jesper Bratt scored his second goal with 3:34 left in the third period, helping the New Jersey Devils eliminate the Detroit Red Wings from the NHL playoff picture with a 5-3 win on Saturday.
The roundtable discusses the dramatic impact AI is having in the classroom, at companies and inside homes.
There's a focus on Michigan's defense industry as a national convention comes to Detroit in a few weeks, with over 11,000 people expected at Huntington Place.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
President Trump said Sunday that the U.S. Navy will implement a blockade in the Strait of Hormuz following a breakdown in talks between U.S. and Iranian officials to end the war in Iran.
Democratic Rep. Shri Thanedar of Michigan hosted a town hall meeting about the conflict in Iran on Sunday. Thanedar has disapproved of the war overseas. Residents at the meeting said health care, student loan repayments and Thanedar's impeachment efforts should be addressed. CBS News has reached out to the Michigan GOP chair for comment but has not heard back.
Warm temperatures remain
Michigan State Police troopers are cracking down on reckless driving. Video from the agency shows law enforcement tracking a motorist who was doing donuts in the middle of the street. The driver was later arrested.
Police in Inkster are investigating a shooting on Sunday morning that left two teenagers dead. It happened on the 26000 block of Penn Street, according to officials.