Grab your coffee—Saks Global (the parent of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman) is about to file for bankruptcy, and their top boss Richard Baker is out. What does this mean for shoppers? Expect some store closures and maybe better deals as they try to bounce back. If you love luxury shopping, keep an eye out—your favorite store might be getting a makeover, or sadly, a 'store closing' sign. #Business #EntrepreneurshipStartup #SaksFifthAvenue