Saks Fifth Avenue parent closing 15 more stores in bankruptcy - here are the locations
New York Post • • general
Key Points:
- Saks Global announced the closure of 15 additional stores, including 12 Saks Fifth Avenue and 3 Neiman Marcus locations, as part of its effort to cut losses and focus on more profitable, high-end stores.
- The closures affect stores in cities such as Chicago, Las Vegas, San Antonio, and Tysons, Virginia, leaving 13 Saks Fifth Avenue and 32 Neiman Marcus stores remaining.
- The company has largely completed its store shutdown process but is still negotiating final store counts with some landlords due to past weak sales and vendor payment defaults.
- Saks Global's inventory situation has improved, with over 500 brands resuming shipments and nearly $1.3 billion in retail receipts released.
- In February, a
