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.
Many people in Michigan have ties to Iran, and they're watching the war closely.
The shooting is the second in two days involving a child and an unsecured gun. Firearm safety activists say the shootings could have been prevented by following Michigan's safe storage law.
Zeke IV, a beloved dog and mascot at Michigan State University for nearly 10 years, has died.
Prosecutors say the woman allegedly forged a quitclaim deed transferring the victim's property to her and sold the property a month later.
Detroit Mayor Mary Sheffield on Monday appointed former Dearborn Public Health Officer Ali Abazeed as Detroit's new chief public health officer.
President Trump refused to rule out the use of ground troops in Iran in a new interview on Monday, saying he wouldn't hesitate to deploy them "if they were necessary."
One person is in custody while police continue to investigate the circumstances of a toddler who was found Saturday, crying inside an impounded car in Metro Detroit.
Many people in Michigan have ties to Iran, and they're watching the war closely.
A 6-year-old girl was fatally injured during an accidental gunshot on Monday in a shopping center parking lot in Detroit.
Whether Tuesday's lunar eclipse will be visible from Metro Detroit depends on the cloud cover and sunrise time.
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.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
Hillary Knight, Megan Keller and Jack and Quinn Hughes made a surprise appearance during "Heated Rivalry" star Connor Storrie's opening monologue on "SNL."
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Many people in Michigan have ties to Iran, and they're watching the war closely.
More employees are clinging to their positions in a trend known as "job-hugging." That's making it harder for job-seekers to find work.
U.S. motorists could soon see higher prices at the pump as oil prices surge following the attacks in Iran.
President Trump said he expects the bombing campaign to last four to five weeks, but "we have [the] capability to go far longer than that."
The Pentagon announced Monday that six American service members have been killed in Operation Epic Fury.
Detroit Mayor Mary Sheffield on Monday appointed former Dearborn Public Health Officer Ali Abazeed as Detroit's new chief public health officer.
Lawmakers say Green Alerts won't just help bring veterans to safety, but also national guard and active service members.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
There are a few steps to get an exemption for a required vaccine here in Michigan and a group of Republican lawmakers want to make sure it doesn't get any more difficult in the future.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
The Detroit Lions are shaking up their offense with the release of offensive lineman Graham Glasgow on Monday.
The Lions are trading running back David Montgomery to the Texans in exchange for offensive lineman Juice Scruggs, according to CBS Sports.
Detroit SportsNet, a newly launched cable/satellite television channel, will be the broadcast home of the Tigers and the Red Wings.
Cade Cunningham had 29 points and 11 assists, Tobias Harris scored 23 points and the NBA-leading Detroit Pistons beat the Orlando Magic 106-92 on Sunday night for their sixth straight road victory.
Over sixty teams competed at a Special Olympics Michigan basketball tournament on Sunday at Legacy Sports Complex in Brighton.
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.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Hasti Raveau, an Iranian American, has family all across the country of Iran. Raveau said her family has been prepared for an attack like this by stocking up on food and medicine.
The shooting is the second in two days involving a child and an unsecured gun. Firearm safety activists say the shootings could have been prevented by following Michigan's safe storage law.
A major construction project on Interstate 94 kicked off on Monday and will last for several months.
President Trump says it will take four to five weeks for the U.S. to reach its goals in Iran, but warned that it could take longer.
Temperatures begin to warm tomorrow, but we'll need to watch for some light freezing drizzle south of I-96 on Tuesday mid-morning.