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.
Gas prices in Michigan inched up 4 cents in the past week after seeing a 56-cent spike in the previous week, AAA says.
Three people are dead and one seriously injured in the aftermath of a two-vehicle crash early Monday on Cass Avenue, police say.
The top 16 seeds in the 68-team field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
Michigan is again dealing with wild weather and its impact on Monday, even as cleanup continues from recent days.
A man's recent surgery could be the reason he's alive after a tree severely damaged his Redford Township, Michigan, home.
Michigan is again dealing with wild weather and its impact on Monday, even as cleanup continues from recent days.
Three people are dead and one seriously injured in the aftermath of a two-vehicle crash early Monday on Cass Avenue, police say.
The Israel Defense Forces said Ibrahim Muhammad Ghazali was responsible for managing weapons operations for the unit within the U.S.-designated terrorist group.
The Detroit Chapter of the National Action Network is calling on people of all faiths to come together after the synagogue attack on Thursday in West Bloomfield, Michigan.
A man's recent surgery could be the reason he's alive after a tree severely damaged his Redford Township, Michigan, home.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
The acclaimed filmmaker, who died in February at age 96, revolutionized the art of documentaries with such films as "Titicut Follies." In an interview recorded last year, the pioneering Wiseman talked about his unusual production methods aimed at capturing life.
Hollywood's biggest stars were honored at the 98th annual Academy Awards on Sunday. Here is what to know and how to watch the 2026 Oscars.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
The top 16 seeds in the 68-team field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
The U.S. became the first nation to sweep the hockey tournaments at the Olympics and Paralympics.
The Israel Defense Forces said Ibrahim Muhammad Ghazali was responsible for managing weapons operations for the unit within the U.S.-designated terrorist group.
Iranian Foreign Minister Abbas Araghchi said that "we don't see any reason why we should talk with Americans" as President Trump has claimed Iran is seeking a deal to end the war between the U.S. and Iran.
A second resident of Washtenaw County is suspected to have measles, as health officials continue an investigation about potential cases and exposure sites.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
The top 16 seeds in the 68-team field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
The Detroit Pistons were topped by the Raptors 119-108 on Sunday. Brandon Ingram had a game-high 34 points for Toronto.
Duke is the top overall seed in the NCAA men's college basketball tournament, with Arizona, Michigan, and Florida also landing on the No. 1 line.
The Boilermakers won the Big Ten Tournament for the first time since 2023 and the third time overall.
The U.S. became the first nation to sweep the hockey tournaments at the Olympics and Paralympics.
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.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Oil prices remain over $100 a barrel as President Trump's demand that other countries help reopen the Strait of Hormuz — a vital shipping lane Iran has paralyzed for over two weeks despite relentless U.S. and Israeli strikes — draws no immediate offers of assistance.
A Redford man was home - but managed to get out - after a large tree fell on his house due to storm damage.
Hundreds of Transportation Security Administration employees have quit since the current partial government shutdown began. A high wind advisory is again in effect for Metro Detroit. Those headlines, sports and other top stories are in our news brief.
Good morning Family! A breezy day ahead!! Breezy today, with a southwest wind 22 to 24 mph, with gusts as high as 41 mph. Mostly cloudy, with a temperature falling to around 33 by 5pm. The heaviest rain is tapering off this morning, then a chance of snow showers moving in.
Storms will move through tonight before colder air rushes in on Monday.