Saks Global to shutter 15 more stores as bankruptcy restructures its luxury lineup
TL;DR
Saks Global announced the closure of 15 additional stores (12 Saks Fifth Avenue and 3 Neiman Marcus) as it restructures under bankruptcy, reducing its count to 13 Saks Fifth Avenue and 32 Neiman Marcus locations while keeping the flagship Saks Fifth Avenue in New York City open; Bergdorf Goodman stores are unaffected. The company says inventory flow has improved with more than 500 brands resuming shipping and about $1.3 billion in retail receipts, and it previously won court approval for $1 billion in new financing to support the restructuring.
- Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations New York Post
- Saks Global to shutter 15 more department stores in bankruptcy restructuring ABC News
- Saks Global to close 15 more stores. See shuttering locations. USA Today
- Saks closing Neiman Marcus anchor at Ala Moana Center, exiting Hawaii market The Business Journals
- Saks Global reveals more Saks, Neiman store closings — here are the locations Chain Store Age
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