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.
The company says there was a mix-up between diesel and regular gasoline. The error has caused many customers a trip to nearby auto shops.
More than a year after the hyperbaric chamber explosion that led to the death of 5-year-old Thomas Cooper, the criminal case against the owner of the Oxford Center and its three employees continues heading to trial.
It's a flavor so iconic that it's even made its way out of the glass at one bar that has celebrated its release since the beginning.
Slotkin was in Detroit on Monday for a roundtable hosted by the James Beard Foundation.
A young Dearborn Heights man is going viral on social media after taking pothole repairs into his own hands.
While several airports have experienced hours-long security line waits, TSA wait times have remained consistent at Detroit Metro Airport during the partial shutdown.
A woman whose remains were found in 1977 in California has been identified as a Michigan native, with her death considered a homicide.
A young Dearborn Heights man is going viral on social media after taking pothole repairs into his own hands.
The company says there was a mix-up between diesel and regular gasoline. The error has caused many customers a trip to nearby auto shops.
More than a year after the hyperbaric chamber explosion that led to the death of 5-year-old Thomas Cooper, the criminal case against the owner of the Oxford Center and its three employees continues heading to trial.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
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.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
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.
While several airports have experienced hours-long security line waits, TSA wait times have remained consistent at Detroit Metro Airport during the partial shutdown.
The Trump administration began deploying U.S. Immigration and Customs Enforcement agents to some of the busiest airports in the country Monday morning.
Two pilots were killed and dozens of people were injured at New York's LaGuardia Airport late Sunday night when an arriving Air Canada Express plane and a fire-and-rescue vehicle collided, authorities said.
President Trump said Immigration and Customs Enforcement agents will assist TSA agents at airports as delays and security staffing shortages continue to worsen.
TSA representatives say employees are trying to figure out how to feed their families and keep the lights on at home.
Oakland County officials say medical debt impacts approximately 114,000 county residents.
A measles outbreak continues to expand in Southeast Michigan, with a fourth suspected case now reported in Washtenaw County.
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.
Olivia Olson had all 27 of her points in the second half and Syla Swords bounced back from a slow start to score 26 and help second-seeded Michigan rout short-handed N.C. State.
Western Michigan has hired Kahil Fennell away from Texas-Rio Grande Valley to be its men's basketball coach.
Kim Barnes Arico has turned Michigan's women's basketball into a consistently winning program for the first time in school history.
Michigan State has advanced to the Sweet 16 for the 17th time under coach Tom Izzo, beating Louisville 77-69 on in the second round of the NCAA Tournament.
Yaxel Lendeborg punctuated his 25-point outing with a massive dunk in transition, and the Midwest Region's top-seeded Michigan advanced to the Sweet 16 with a 95-72 win over Saint Louis in the second round of the NCAA Tournament.
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.
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.
Drivers who fueled up last week at the Meijer Express gas station off South Groesbeck Highway in Clinton Township may be impacted by a serious mistake.
More than a year after the hyperbaric chamber explosion that led to the death of 5-year-old Thomas Cooper, the criminal case against the owner of the Oxford Center and its employees continues heading to trial.
The long winter wait is over as one of Michigan's most recognizable beers is back. Bell's Oberon makes its seasonal return, which always comes with some Oberon Day celebrations across the state.
Sen. Elissa Slotkin is raising concerns about how extreme weather and federal funding cuts are pushing up costs for Michigan farmers and ultimately for restaurants and consumers across the state.
A young Dearborn Heights man is going viral on social media after taking pothole repairs into his own hands.