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The Guardian - US
The Guardian - US
Business
Lauren Aratani in New York

‘The consumers are still out there’: why a bankruptcy for Saks Global may not spell the end

Storefront with Christmas decorations and people walking by.
The Saks Fifth Avenue flagship store in New York City, on 14 January. Photograph: Brendan McDermid/Reuters

Every year, the stores down Manhattan’s Fifth Avenue dress up their windows at Christmastime. Tourists from all over the world come to gawk at all the glitter, lace, ruffles and bows.

Saks’s Fifth Avenue location, so iconic that it’s embedded in the brand’s name, is usually dressed top to bottom during the holidays. In 2023, the store partnered with Christian Dior to display a giant zodiac calendar. As part of the light show, fireworks were released from the top of the store to the oohs and aahs of spectators.

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