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.
Saks Global, the parent company of three luxury department stores, filed for bankruptcy. CBS News New York's Aziza Schuler reports.
Once the deal is finalized, the seafood chain will operate under a new CEO — Damola Adamolekun, former chief executive of P.F. Chang's.
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 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.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
TGI Fridays Executive Chairman Rohit Manocha said "COVID-19 and capital structure" were the primary drivers of the chain's financial challenges.
Seafood chain declared bankruptcy in May after struggling with slowing growth and mounting competition.
Giuliani himself asked for the dismissal, after months of missing court deadlines in his bankruptcy case.
Conspiracy theorist Alex Jones owes $1.5 billion for his false claims that the Sandy Hook Elementary School shooting was a hoax.
Red Lobster's owner has said the pandemic and rising costs hurt the seafood chain's financial performance.
WeWork sought to transform the office space industry. Now the company is seeking Chapter 11 bankruptcy protection.
The Supreme Court has blocked for now a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family.
The e-commerce company plans to relaunch its online store under Bed Bath & Beyond's banner in the coming weeks.
Bed Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain's intellectual property assets for $21.5 million.
The e-commerce discounter bid $21.5 million at auction to keep the bankrupt retailer alive in name.
Online media company known for its edgy lifestyle content and documentaries was once valued at $5.7 billion.
Don't throw away those expired Bed Bath & Beyond single-item coupons just yet.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
The company said its stores and websites will remain open and continue serving customers.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
Regal Cinemas is closing 39 more movie theaters across the United States. Is yours on the list?
Some of the biggest names in sports and entertainment promoted crypto "Ponzi scheme" to investors, lawsuit alleges.
The New York governor wants confirmation that ICE agent Jonathan Ross was not moved to New York after the Minneapolis killing of Renee Good.
A child was struck and killed by a school bus in Brooklyn Friday morning, police said. It happened at Lee and Lorimer Streets in Williamsburg just before 8:20 a.m.
The Trader Joe's on Manhattan's Upper West Side will be closing temporarily for renovations. The last day to shop in-store will be May 17.
Iran says it's offered a new proposal for talks with the U.S. to end the war, as the Strait of Hormuz standoff sends costs soaring around the world.
The Knicks had their biggest playoff victory in franchise history, overwhelming and eliminating the Hawks 140-89 in Game 6 on Thursday night.
The Trader Joe's on Manhattan's Upper West Side will be closing temporarily for renovations. The last day to shop in-store will be May 17.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
New York City's balmy weather proved to be record-breaking for the date of April 15.
A shooting at a library in Freehold, New Jersey, is under investigation.
Gov. Mikie Sherrill marked her 100th day in office by highlighting property tax relief and her affordability focus, but Republicans say New Jersey is more expensive.
The DOJ is suing New Jersey and Gov. Mikie Sherrill over recent legislation limiting the power of ICE agents in the Garden State.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
Purdue Pharma, the maker of OxyContin, is set to be dissolved as a massive legal settlement resolving thousands of lawsuits takes effect.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
The Suffolk County Police Department has converted a seized 2020 Corvette Stingray Coupe into a full-fledged police car, with lights and siren, to raise awareness about driving while under the influence.
Residents said anti-Muslim vandalism was found on at least eight stop signs in the area of Carto Circle in Deer Park.
Rumblings of a possible LIRR strike are putting commuters on edge. The MTA says it's preparing for a potential walkout, while union leaders say they're fighting for a fair deal.
Delays are still lingering after a Long Island Rail Road train hit debris Wednesday morning in one of the East River tunnels.
The New York governor wants confirmation that ICE agent Jonathan Ross was not moved to New York after the Minneapolis killing of Renee Good.
NYC Mayor Zohran Mamdani is facing pressure from opposing sides regarding a housing voucher program. While some want it to expand, others want to curb its growth.
Advocates and lawmakers are trying to close what they call a loophole in New York's laws against stalking and harassment, which they say do not keep up with the digital age.
Gov. Mikie Sherrill marked her 100th day in office by highlighting property tax relief and her affordability focus, but Republicans say New Jersey is more expensive.
New York City Comptroller Mark Levine is giving a thumbs up to Gov. Kathy Hochul and Mayor Zohran Mamdani's proposed pied-à-terre tax. His approval, however, comes with several caveats.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
The B.R.O. Experience Foundation uses cognitive behavioral therapy, mentorship and creative expression to support men of color navigating identity.
Travelers at Newark Airport may have been exposed to an individual with measles, New Jersey health officials warn.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
"The Ed Sullivan Show" on CBS brought the evolution of rock music into America's living rooms. More than 50 years after Sullivan died, he's getting the ultimate rock 'n' roll honor.
Megan Thee Stallion has decided to end her run with "Moulin Rouge! The Musical" early, the Broadway show announced on Monday.
The woman accusing Harvey Weinstein of raping her at a Manhattan hotel room in 2013 took the stand Monday in the third trial of the disgraced movie mogul.
Ticketmaster will be rereleasing tickets for Harry Styles' upcoming concerts in New York City that were originally purchased by scalpers, the company says.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
The Knicks had their biggest playoff victory in franchise history, overwhelming and eliminating the Hawks 140-89 in Game 6 on Thursday night.
The soccer clinic at the Jamaica YMCA turned into a dream come true when the kids were given free tickets to a World Cup match.
The Nationals beat the Mets 5-4 Thursday, dealing reeling New York its 17th loss in 20 games.
The Washington Nationals routed the reeling New York Mets 14-2 on a rainy Wednesday night at Citi Field.
Nathan Eovaldi delivered seven scoreless innings as the Rangers blanked the Yankees 3-0, snapping New York's hot streak and avoiding a sweep in Arlington.
In New York City, where land is at a premium, a stockpile of pristine soil unearthed at construction sites helps lower emissions and support urban farmers.
Have you ever wondered what happens to a restaurant's leftover or unsold food at the end of the day? Food access advocates say it could make a big difference if it were served to the community.
A new report finds a shortage of courts, fields and swimming pools in some New York City neighborhoods.
Residents living near New York City's busiest airports say the noise overhead has escalated from a nuisance to a health concern.
Construction began Tuesday on a major redesign of Flatbush Avenue in Brooklyn.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The 102-story building first opened on May 1, 1931, breaking the record for the tallest building in the world.
The band took the stage Thursday night at Irving Plaza and have another sold out pop-up show on Saturday.
Bronx Week kicks off Friday for it's 54th year. The festivities will include food, concerts, fairs, parades and performances.
Defense Secretary Pete Hegseth faced off with lawmakers for a second day on Thursday and argued the 60-day deadline to get the war approved by Congress was on hold during the current ceasefire. CBS News New York's Elijah Westbrook reports.
New York City's City Hall was built between 1802 and 1812. Both the interior and exterior are designated landmarks.
