American high-end retail company applies for bankruptcy. American media: Retail industry crisis becoming increasingly serious.

According to the website of the American "Newsweek" magazine, due to poor sales and worsening debt situation, the high-end department store retailer Saks Fifth Avenue filed for bankruptcy on the local time of the 14th, meaning that thousands of jobs and dozens of stores across the United States will disappear. The report said that in the past year, the US government's tariffs and immigration policies have had a huge impact on the retail industry. Increasing economic uncertainty and low consumer confidence, among other factors, have exacerbated investor and consumer anxiety. More and more consumers are becoming disappointed with the retail industry, complaining that prices have been rising while the quality is deteriorating. This has led to a significant decline in the number of consumers.