Back to today’s briefing

Story perspectives

Retail Shakeup: Macy's Closes Stores, Saks Files Bankruptcy

1/18/2026

26 3 Full Breakdown

Summary

Story summary

In early 2026, Macy's is shutting 14 locations and Saks Global is filing for bankruptcy, due to overexpansion and rising costs.
E-commerce now accounts for more than 15% of total sales, while 45% still prefer in-store shopping.
Despite closures, Walmart thrives by focusing on essential items and affordability.
In 2025, 30 companies filed for bankruptcy, and 5,252 new stores opened led by Dollar General.

1 of 1

Story summary

In early 2026, Macy's is shutting 14 locations and Saks Global is filing for bankruptcy, due to overexpansion and rising costs.
E-commerce now accounts for more than 15% of total sales, while 45% still prefer in-store shopping.
Despite closures, Walmart thrives by focusing on essential items and affordability.
In 2025, 30 companies filed for bankruptcy, and 5,252 new stores opened led by Dollar General.