Tags: saks fifth avenue | bankruptcy | store | closing

Saks Global to Close Nine More Stores

Saks Global to Close Nine More Stores
An entrance to Saks Fifth Avenue's flagship store in New York. (Anthony Behar/AP)

Tuesday, 10 February 2026 02:54 PM EST

Saks Global said Tuesday it is closing nine more stores as the high-end department store conglomerate looks to focus on more profitable locations.

The luxury retailer said it is closing eight Saks Fifth Avenue locations and one Neiman Marcus location as well as a majority of its standalone Fifth Avenue Club personal styling suites.

Additionally, the company said it was also planning to transition its home decor shop, Horchow, to Neiman Marcus' online website starting February 19.

Saks will ask a U.S. bankruptcy judge to approve the nine store closings at a Friday court hearing, the company said in a court document filed on Tuesday.

Saks filed for bankruptcy protection last month in one of the largest retail collapses since COVID, barely a year after a deal intended to create a luxury powerhouse brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same roof.

In late January, the company said it would close most of its Saks OFF Fifth retail locations and remaining Neiman Marcus Last Call stores, to focus on luxury retail and full-price sales.

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
Saks Global said Tuesday it is closing nine more stores as the high-end department store conglomerate looks to focus on more profitable locations.
saks fifth avenue, bankruptcy, store, closing
178
2026-54-10
Tuesday, 10 February 2026 02:54 PM
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