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.
Watch CBS News
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.
Unleaded gasoline and diesel fuels were mixed in error at a Meijer Express fuel station in Macomb County, Michigan, the supermarket chain said Saturday.
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.
A measles outbreak continues to expand in Southeast Michigan, with a fourth suspected case now reported in Washtenaw County.
Sentencing is scheduled for May 12 in a case involving the distribution of child sexually abusive material.
The Detroit-Windsor Tunnel will be closed Sunday morning so that the tunnel authority and area first responders can host a cross-border emergency drill.
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.
The Detroit-Windsor Tunnel will be closed Sunday morning so that the tunnel authority and area first responders can host a cross-border emergency drill.
Unleaded gasoline and diesel fuels were mixed in error at a Meijer Express fuel station in Macomb County, Michigan, the supermarket chain said Saturday.
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.
A measles outbreak continues to expand in Southeast Michigan, with a fourth suspected case now reported in Washtenaw County.
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.
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.
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.
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.
Democrats are expected to eventually block the broader legislation.
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.
Robert Mueller served as FBI director from 2001 to 2013 and led the investigation into allegations of Russian meddling in the 2016 presidential election.
The western United States experienced a severe snow drought this year, threatening the region's water supply and potentially setting the stage for its wildfire season.
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.
The vote from 10,000 nurses at nine hospitals and campuses received 90% approval for authorization
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.
DraftKings pushed back on the accusation, saying in a statement that it is not engaging in trademark infringement.
Michigan State takes on Louisville at KeyBank Center in Buffalo at 2:45 p.m. Saturday.
Michigan takes on St. Louis at KeyBank Center in Buffalo at 12:10 p.m. Saturday.
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.
A surprise find of a box of Girl Scout cookies in the CBS Detroit newsroom inspires some memories and smiles as the 6 p.m. newscast winds down on March 21, 2026.
The Detroit Prowl, an all-female professional football team, hosted more than 200 Girl Scouts of Southeastern Michigan members for hands-on lessons in football skills.
Hawaii is seeing its worst flooding in more than 20 years, with hundreds rescued amid the stormwaters. CBS News has this report.
The Chaldean American Chamber of Commerce partnered with the U.S. Chamber of Commerce Foundation and Michigan Chamber of Commerce to host a non-partisan competition to test the civics knowledge of middle school students, “Spelling Bee” style.
Gospel Tabernacle Church hosted a community resource outreach fair to provide information about community services in Metro Detroit.