Only 13 Saks Fifth Avenue locations will remain after the latest wave of store closures
Courtesy of Saks Global
- Saks Global is closing more stores, including locations of its flagship brand and Neiman Marcus.
- In January, Saks filed for bankruptcy after failing to pay vendors for over a year.
- The company says it is now focusing on the luxury sector.
Saks Global, the bankrupt company behind Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, is continuing to close stores.
On March 6, the company announced it will close another 12 Saks Fifth Avenue and three Neiman Marcus locations. The news came after a February announcement that it would close eight Saks Fifth Avenue stores and one Neiman Marcus, as well as nearly all of its Saks Off Fifth and Neiman Marcus Last Call locations.
Following the closures, only 13 Saks Fifth Avenue locations will remain open, according to a Friday release. Thirty-two Neiman Marcus stores will continue operating, the company said.
"Our go-forward store portfolio will comprise the best performing and most desirable locations in markets with the highest concentration of luxury customers," Geoffroy van Raemdonck, Saks Global's new CEO, said in a statement announcing the closures.
The announcement of the latest wave of closures came with some good news for the company: More than 500 brands have resumed shipping to Saks' retailers after the company had struggled with inventory for months.
"The Company has reached or nearly reached agreements with more than 175 brands across all categories," the statement said.
In January, Saks Global filed for Chapter 11 bankruptcy protection following a year marked by missed payments and restructuring. The company owes hundreds of millions of dollars to brands like Chanel and LVMH.
As part of its turnaround plan, Saks said it was "sharpening its focus on luxury" and closing the majority of its discount store, it sais in January.
Saks Off 5th's website, a separate legal entity from Saks Global, is hosting a liquidation sale and will shut down.
Earlier in January, Saks shut down a facility in Florida and said it would lay off at least 74 positions.
Here is the full list of Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Last Call locations closing:
Saks Fifth Avenue locations closing:
1. The Summit (Birmingham, AL)
2. Polaris Fashion Place (Columbus, OH)
3. American Dream (East Rutherford, NJ)
4. Shops at Canal Place (New Orleans, LA)
5. Bala Plaza (Philadelphia, PA)
6. Biltmore Fashion Park (Phoenix, AZ)
7. Stony Point Fashion Park (Richmond, VA)
8. Utica Square (Tulsa, OK)
9. Beachwood Place (Beachwood, OH)
10. Wisconsin Avenue (Chevy Chase, MD)
11. Michigan Avenue (Chicago, IL)
12. South Coast Plaza (Costa Mesa, CA)
13. Las Vegas Boulevard (Las Vegas, NV)
14. Long Island (Huntington Station, NY)
15. The Gardens on El Paseo (Palm Desert, CA)
16. Triangle Town Center (Raleigh, NC)
17. North Star Mall (San Antonio, TX)
18. The Mall at University Town Center (Sarasota, FL)
19. Plaza Frontenac (St. Louis, MO)
20. Tysons Galleria (Tysons, VA)
Neiman Marcus locations closing:
1. Copley Place (Boston, MA)
2. Ala Moana (Honolulu, HI)
3. Topanga (Canyon Park, CA)
4. Westchester (White Plains, NY)
Saks Off 5th locations closing
1. Mebane (Mebane, NC)
2. Charleston (Charleston, SC)
3. Grand Prairie (Grand Prairie, TX)
4. Ala Moana (Honolulu, HI)
5. Petaluma (Petaluma, CA)
6. Glendale (Glendale, AZ)
7. Tucson (Tucson, AZ)
8. Merrimack (Merrimack, NH)
9. Riverhead (Riverhead, NY)
10. Clinton (Clinton, CT)
11. North Atlanta (Woodstock, GA)
12. Aurora Chicago (Aurora, IL)
13. Dallas Park (Dallas, TX)
14. Northbrook (Northbrook, IL)
15. Eagan (Eagan, MN)
16. Columbus (Columbus, OH)
17. San Diego (San Diego, CA)
18. Camarillo (Camarillo, CA)
19. Ontario (Ontario, CA)
20. Milpitas (Milpitas, CA) 21. State Street (Chicago, IL)
22. Stamford High Ridge (Stamford, CT)
23. Greenburgh (Greenburgh, NY)
24. Arundel (Hanover, MD)
25. Hawaii (Honolulu, HI)
26. Palm Desert (Palm Desert, CA)
27. Scottsdale (Scottsdale, AZ)
28. Phoenix (Chandler, AZ)
29. Eastchester (Eastchester, NY)
30. Bridgewater (Bridgewater, NJ)
31. Clarksburg (Clarksburg, MD)
32. Deer Park (Deer Park, NY)
33. Shrewsbury (Shrewsbury, NJ)
34. Elizabeth (Elizabeth, NJ)
35. Boston (Somerville, MA)
36. Wrentham (Wrentham, MA)
37. Orlando Vineland (Vineland, FL)
38. Naples Park Shore (Naples, FL)
39. Orlando (Orlando, FL)
40. Tampa (Lutz, FL)
41. Ellenton (Ellenton (Tampa), FL)
42. Destin (Destin, FL)
43. Charlotte (Charlotte, NC)
44. Atlanta (Woodstock, GA)
45. Hilton Head (Bluffton, SC)
46. Rosemont (Rosemont, IL)
47. Cypress (Cypress, TX)
48. Sugarland (Sugarland, TX)
49. Katy (Katy, TX)
50. Costa Mesa (Costa Mesa, CA)
51. Beverly Connection (Los Angeles, CA)
52. Woodland Hills (Woodland Hills, CA)
53. Las Vegas N (Las Vegas, NV)
54. Livermore (Livermore, CA)
55. San Antonio (San Antonio, TX)
56. Cabazon (Cabazon, CA)
57. Las Vegas S (Las Vegas, NV)
Last Call locations closing:
1. Sawgrass Mills (Sunrise, FL)
2. Desert Hills Premium Outlets (Cabazon, CA)
3. Grapevine Mills (Grapevine, TX)
4. San Marcos Premium Outlets (San Marcos, TX)
5. The Outlets at Orange (Orange, CA)