Throughout the ongoing Saks Global bankruptcy proceedings, Neiman Marcus stores appear to be holding strong as Saks Fifth Avenue and Saks Off 5th take much of the closures. However, “We are committed to all three banners and strongly believe in each of their unique value propositions,” a company spokesperson shared (via Forbes).

U.S. inflation increased 0.26% in February following a figure of 0.24% in January, showing a reversal of cooling. “February’s data is a reminder that the path back to price stability won’t be linear,” said Paul Stanley, senior economist for Numerator (via Chain Store Age).

Ford has recalled approximately 1.7 million vehicles as part of two recalls centered around rearview camera issues. Models including the Bronco, Edge, Escape, Explorer, and the Lincoln Corsair and Aviator were affected (via USA Today).

Oil prices broke the $100 per barrel barrier as the Iran conflict continues, with prices hitting nearly $120 before talk of Western nations intervening to curb prices surfaced. “Between now and the end of March you don’t have an amelioration of traffic around the strait, we could go to $150 a barrel,” said Homayoun Falakshahi, lead crude research analyst at Kpler (via CNN Business).

Gap Inc. delivered strong fourth-quarter results despite twin headwinds of tariffs and severe winter storms. The company reported an increase in net sales to $4.2 billion, flat store sales, but a 5% uptick in online sales (via Chain Store Age).