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.
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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.
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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 Trump Administration is once again taking aim at New York City's congestion pricing program.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
A suspect is in custody after two people were stabbed to death on Long Island early Friday morning, Nassau County police said.
The Archdiocese of New York has offered to pay $800 million in a settlement to 1,300 people who say they were sexually abused as minors.
The New York governor wants confirmation that ICE agent Jonathan Ross was not moved to New York after the Minneapolis killing of Renee Good.
The Trump Administration is once again taking aim at New York City's congestion pricing program.
A suspect is in custody after two people were stabbed to death on Long Island early Friday morning, Nassau County police said.
The Archdiocese of New York has offered to pay $800 million in a settlement to 1,300 people who say they were sexually abused as minors.
A child was fatally struck by a school bus in Brooklyn Friday morning, the NYPD said. It happened at Lee Avenue and Lorimer Street 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.
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.
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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.
A suspect is in custody after two people were stabbed to death on Long Island early Friday morning, Nassau County police said.
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.
The Trump Administration is once again taking aim at New York City's congestion pricing program.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
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.
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.
May is Melanoma Awareness Month and a new national survey shows many Americans are skipping sun protection. According to the "Melanoma Research Alliance" widespread misinformation and confusion about sun screen is making skin cancer prevention more difficult.
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The Knicks crushed Atlanta 140-89 in Game 6 to clinch the series and advance to the Eastern Conference semifinals.
A study by Northwell Health is raising questions about how long wait times for treatment can affect health.
Gloria Choi's boyfriend appeared to be head over heels for her, but was it all a ruse? 48 Hours Correspondent Natalie Morales reports.
