Saks Global to close most of its Saks Off 5th stores as it restructures during Chapter 11 bankruptcy

The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations as it restructures its organization to focus on its iconic department stores and raise money to pay off its debts during its Chapter 11 reorganization.

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Oura CEO Tom Hale says the company has no plans to abandon its subscription model, even as rivals experiment with cheaper hardware and no recurring fees (Samantha Kelly/Bloomberg)

Samantha Kelly / Bloomberg:
Oura CEO Tom Hale says the company has no plans to abandon its subscription model, even as rivals experiment with cheaper hardware and no recurring fees  —  Oura Health Oy, the popular smart ring maker, has…

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