US EditionSaks to close more stores, including Neiman Marcus locations
9 Articles
9 Articles
The panorama of luxury shopping in Southern California is shrinking with the imminent closure of three high-end department store locations. Two Saks Fifth Avenue stores in the region are scheduled to close, including locations on South Coast Plaza in Costa Mesa and The Gardens on El Paseo in Palm Desert. A Neiman Marcus store in Westfield Topanga in Canoga Park will also close, eliminating another luxury anchor from one of the busiest shopping c…
15 Saks Fifth Avenue, Neiman Marcus Stores To Close: Here's When, Where
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, has just announced it will close 15 department stores by May 2026 as part of its Chapter 11 bankruptcy restructuring.The closures include 12 Saks Fifth Avenue locations and three Neiman Marcus stores across 12 states. The company said the decision is part of a strategy to cut debt and focus on high-performing luxury markets.By the end of May, Saks Global will operate just 13…
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