Saks Fifth Avenue to Close Tysons Galleria Store in Bankruptcy Restructure
Saks Global announced more store closures as part of its Chapter 11 restructuring, including the Saks Fifth Avenue at Tysons Galleria in Virginia, which will close by the end of May after 38 years. The broader plan aims to wind down about 24 department stores by spring and refocus on core luxury brands, leaving a reduced Saks Fifth Avenue network and maintaining Neiman Marcus and Bergdorf Goodman locations. The move follows prior rounds of closures and other relocations within the company’s portfolio.
