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.
Investigators believe the teen suspect acted alone and there is no danger to the community.
Alex DeBrincat scored the go-ahead goal with 3:25 remaining and assisted on Detroit's two other goals, lifting the Red Wings to a 3-1 victory over the Montreal Canadiens.
Morez Johnson Jr. had 21 points and 10 rebounds on a perfect shooting night, and No. 1 seed Michigan rode a second-half surge to a 101-81 victory over 16th-seeded Howard in the first round of the NCAA Tournament.
Jalen Duren had 24 points and 11 rebounds and the Detroit Pistons never trailed in a 117-95 victory over the Washington Wizards, their first game since All-Star guard Cade Cunningham was ruled out for at least two weeks with a collapsed left lung.
The Bloomfield Township Police Department says officers and the Oakland County SWAT responded to the area of Quarton Road between Franklin and Middlebelt.
Six police officers and a semi-truck driver have been released from a local hospital after a fiery crash involving a car and a semi-truck.
The woman's 5-year-old daughter was attending school at Temple Israel when she received a call about an active shooter.
A former Detroit Police Department sergeant is accused of kidnapping and sexually assaulting five young women over four years.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
Investigators believe the teen suspect acted alone and there is no danger to the community.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
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.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
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.
Alex DeBrincat scored the go-ahead goal with 3:25 remaining and assisted on Detroit's two other goals, lifting the Red Wings to a 3-1 victory over the Montreal Canadiens.
Morez Johnson Jr. had 21 points and 10 rebounds on a perfect shooting night, and No. 1 seed Michigan rode a second-half surge to a 101-81 victory over 16th-seeded Howard in the first round of the NCAA Tournament.
Jalen Duren had 24 points and 11 rebounds and the Detroit Pistons never trailed in a 117-95 victory over the Washington Wizards, their first game since All-Star guard Cade Cunningham was ruled out for at least two weeks with a collapsed left lung.
Carson Cooper matched his career high with 20 points and grabbed 10 rebounds as Michigan State routed North Dakota State 92-67 to reach the second round of the NCAA Tournament for the 22nd time in 28 consecutive appearances under coach Tom Izzo.
The man who attacked a synagogue in Michigan last week sent a photo of himself with the AR-style rifle he had during the attack to a family member in Lebanon, according to a U.S. official.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
Legislation is pending in Lansing that is intended to prohibit the sale or distribution of a substance called kratom.
A new report says Michigan should invest in primary care doctors to ease a severe shortage of physicians that has led to long wait times, higher costs and missed care.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
China Reynolds' son, Auggie, could be waiting for the next 6 to 12 months in the hospital until a new heart is available.
Alex DeBrincat scored the go-ahead goal with 3:25 remaining and assisted on Detroit's two other goals, lifting the Red Wings to a 3-1 victory over the Montreal Canadiens.
Morez Johnson Jr. had 21 points and 10 rebounds on a perfect shooting night, and No. 1 seed Michigan rode a second-half surge to a 101-81 victory over 16th-seeded Howard in the first round of the NCAA Tournament.
Jalen Duren had 24 points and 11 rebounds and the Detroit Pistons never trailed in a 117-95 victory over the Washington Wizards, their first game since All-Star guard Cade Cunningham was ruled out for at least two weeks with a collapsed left lung.
Carson Cooper matched his career high with 20 points and grabbed 10 rebounds as Michigan State routed North Dakota State 92-67 to reach the second round of the NCAA Tournament for the 22nd time in 28 consecutive appearances under coach Tom Izzo.
Michigan takes on Howard at KeyBank Center in Buffalo at 7:10 p.m. Thursday.
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.
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.
A Detroit father is being recognized for his bravery after saving two neighbors from their burning home in January.
Springlike weather tomorrow! NEXT Weather Meteorologist Karen Carter tells us what we can expect for tonight and tomorrow.
Federal officials have found a business checking account linked to former Detroit Mayor Kwame Kilpatrick, and are trying to seize the funds.
It has been one week since the violent attack on Temple Israel in West Bloomfield, Michigan, and officials are renewing calls to halt antisemitic rhetoric and threats.
Nearly four months after dozens of Leland House tenants were evacuated from their homes, the battle to allow them to retrieve their belongings now sits in bankruptcy court.