Saks Global to Shut Nine More Luxury Stores as Bankruptcy Proceedings Continue
The high-end retailer will shutter eight Saks Fifth Avenue and one Neiman Marcus location to focus on profitability. A court hearing is scheduled this Friday.
Insights:
Saks Global announced today, February 10, 2026, that it will close nine additional stores and significantly reduce its physical retail footprint as part of its ongoing, court-supervised bankruptcy restructuring. The announcement, which follows the company’s bankruptcy filing last month, includes the closure of eight Saks Fifth Avenue locations and one Neiman Marcus store. These actions are intended to allow the company to concentrate on its more profitable locations within the US 
US and represent a major development in the luxury retail sector, occurring as part of one of the largest retail collapses since COVID.
US and represent a major development in the luxury retail sector, occurring as part of one of the largest retail collapses since COVID.
