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TSX:HBC News 1 February 2026

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

NEW YORK, Feb 1, 2026, 04:18 (EST) Starting Saturday, dozens of Saks Off 5th stores kicked off going-out-of-business sales as parent company Saks Global scales back its discount operations amid bankruptcy proceedings. The company is also closing all remaining Neiman Marcus Last Call outlet locations. The closures cut off a discount channel that cleared designer goods for bargain-hunting shoppers wary…
1 February 2026
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Stock Market Today

  • American Express Nears Apple as Berkshire Hathaway's Largest Stock Holding
    February 1, 2026, 7:03 AM EST. Berkshire Hathaway's portfolio sees American Express challenging Apple for the top spot. After significant sales of Apple shares, Apple's lead in portfolio value shrank from $154 billion mid-2023 to just $4.3 billion last Friday before slightly widening to $8.4 billion. American Express shares have surged 106% over the past 2.5 years, outperforming Apple's 35% gain. Berkshire's stake in American Express now represents 22% of its outstanding shares, boosted by stock buybacks. With Berkshire expected to release its Q4 portfolio soon, further Apple sales or continuing American Express gains could make the credit card giant the leading holding in Warren Buffett's portfolio.
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