Luxury Alert: Saks Could Be Forced to Offer Big Discounts After Bankruptcy Filing⁠ ⁠ Blogged by: Luxurylife⁠ ⁠ Shoppers on the hunt for luxury at a discounted price may be in luck as #Saks could be gearing up for a massive wave of markdowns.⁠ ⁠ Just days ago, Saks Global, which oversees #SaksFifthAvenue, #NeimanMarcus, and #BergdorfGoodman, officially filed for Chapter 11 bankruptcy protection. The filing does not mean the stores are shutting down overnight. Chapter 11 allows the company to continue operating while restructuring its finances. Saks Global has already secured $1.75 billion in new financing, and additional revenue from Saks merchandise sold through Amazon is helping keep operations running in the short term.⁠ ⁠ For customers, this period often brings aggressive clearance sales. Previous store shutdowns featured discounts reaching up to 85 percent. At the flagship Fifth Avenue location, 70 percent off signs are already posted, leaving shoppers wondering whether more deals...