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Saks Global to Shut 15 More Stores as Part of Restructuring

Saks Global plans to close 15 more stores to focus on profitable locations and reduce debt, leaving 13 Saks Fifth Avenue and 32 Neiman Marcus stores, the company said.

  • On March 6, Saks Global announced it will close 15 more stores, including 12 Saks Fifth Avenue and three Neiman Marcus locations.
  • As background, the company filed for Chapter 11 on Jan. 14 and announced a $1.75 billion financing package, with a U.S. bankruptcy judge approving $1 billion last month.
  • Among the locations named were Chevy Chase, Maryland; Chicago, Illinois; and San Antonio, Texas, with these cuts adding to eight Saks Fifth Avenue and one Neiman Marcus store closures announced last month, leaving 13 Saks Fifth Avenue, 32 Neiman Marcus, and Bergdorf Goodman stores.
  • Operationally, resumed shipments from 500 brands have released nearly $1.3 billion in retail receipts, while about 175 suppliers including Chanel, Dolce & Gabbana, and LVMH reached repayment agreements.
  • In addition, the company confirmed affected stores will remain open through the end of April, with some until the end of May, while two Bergdorf Goodman stores remain unaffected.
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Associated Press NewsAssociated Press News
+46 Reposted by 46 other sources
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Saks Global to shutter 15 more department stores in bankruptcy restructuring

The parent company of Saks Fifth Avenue and Neiman Marcus is closing more of its department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring.

·United States
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+6 Reposted by 6 other sources
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Saks Fifth Avenue, Neiman Marcus closing several stores: What to know

The parent company of Saks Fifth Avenue and Neiman Marcus will close more department stores as part of its bankruptcy restructuring. Here's what we know.

·Chicago, United States
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Krem2 NewsKrem2 News
+9 Reposted by 9 other sources
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15 more Saks Fifth Avenue, Neiman Marcus stores to close – here's the list

The 15 closures of Saks Fifth Avenue and Neiman Marcus announced Friday are in addition to the nine stores the company said last month that it would close.

·Spokane, United States
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Reuters broke the news in United Kingdom on Friday, March 6, 2026.
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