Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt The New York TimesLuxury retailer Saks Global CEO Marc Metrick steps down as bankruptcy looms ReutersUS' second-oldest department store chain considers Chapter 11 Yahoo FinanceSaks Global announces new CEO as it reportedly prepares for bankruptcy CNBC
U.S. holiday retail spending rose 4.2% as consumers spent more on tech and apparel, with online sales jumping 7.8%, Visa data shows, despite higher prices.
