Macy's Inc. stands to gain significant upside following the Chapter 11 bankruptcy filing of competitor Saks Global Enterprises. Saks Global operates both Saks Fifth Avenue and Neiman Marcus. This development creates a major opportunity for Macy's.
Macy's can now expand and elevate its luxury brand, Bloomingdale's, potentially establishing it as the top luxury department store in the United States. While Saks is expected to become a smaller entity, its struggles directly benefit Macy's.
Bloomberg analysis confirms Bloomingdale's was already benefiting from Saks' issues, which included debt struggles and difficulty securing inventory. Bloomingdale's saw its revenue steadily increase in 2025.
Same-store sales for the Macy's-owned brand grew 9% in the third fiscal quarter. This growth positions Bloomingdale's to capture Saks' customer base and solidify its standing in the luxury retail market.