What Saks’ Bankruptcy Says About NYC Business Right Now

Saks Global, the parent company of Saks Fifth Avenue filed for bankruptcy this month. Janae and producer Iru head up to 5th Av. to check on the iconic NYC department store, and WNYC’s Ryan Kailath breaks down why this isn’t the kind of bankruptcy that leads to a liquidation sale but still flashes a warning sign for NYC businesses. Plus, where's all this snow going? Sanitation Department Deputy Joshua Commissioner gives us a peak into the system. Correction: An earlier version of this episode incorrectly stated that Saks Fifth Avenue filed for Chapter 11 bankruptcy. In fact, it was Saks Global—the parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman—that filed. The episode has been updated.