MajorsFeb 11, 2026
Francesca’s Files for Chapter 11 Bankruptcy AgainMajorsFeb 12, 2026
These 8 Saks Fifth Avenue Stores Are Closing
Parent company Saks Global is also closing nearly all Saks Off 5th locations, a Neiman Marcus store, and 14 personal styling suites.
A Saks Fifth Avenue Club personal styling suite in Austin, Texas. Parent company Saks Global, which recently filed for bankruptcy, is closing 14 of these suites as well as eight Saks Fifth Avenue locations and one Neiman Marcus store.
New York—Saks Global is closing stores as part of its reorganization after filing for Chapter 11 bankruptcy protection last month.
The retailer announced this week that it will close eight Saks Fifth Avenue locations and one Neiman Marcus location.
The company said it is “refining” the store footprints of the two brands, focusing on profitable locations with the highest growth potential.
The following Saks Fifth Avenue locations are closing:
The Summit in Birmingham, Alabama;
Polaris Fashion Place in Columbus, Ohio;
American Dream in East Rutherford, New Jersey;
Shops at Canal Place in New Orleans;
Bala Plaza in Philadelphia;
Biltmore Fashion Park in Phoenix;
Stony Point Fashion Park in Richmond, Virginia; and
Utica Square in Tulsa, Oklahoma.
The Neiman Marcus store in Boston’s Copley Place also is set to close.
“By optimizing our operational footprint, we will be better positioned to deliver exceptional products, elevated experiences and highly personalized service across all channels, while simultaneously positioning our company to make investments that enable long-term growth and value creation,” Saks Global CEO Geoffroy van Raemdonck said.
“Importantly, opportunities within the luxury market remain strong, and Saks Global is primed to play a distinct, enduring role within the industry for many years to come.”
Saks Global is also closing 14 of its Fifth Avenue Club personal styling suites.
The Fifth Avenue Club began as designated areas within Saks’ stores, but the retailer expanded the concept by partnering with luxury resort operators, like The Ritz-Carlton and St. Regis Hotels & Resorts, create private suites in hotels.
The suites were introduced to serve Saks Fifth Avenue customers in markets without a physical store presence but after Saks Global’s 2024 acquisition of Neiman Marcus, it can now serve shoppers in those markets, the retailer said.
Saks Fifth Avenue plans to keep three personal styling suites in markets that present a growth opportunity: Indianapolis and Honolulu, with another set to open in Palm Beach, Florida, in the fall.
Related stories will be right here …
The retailer announced this week that it will close eight Saks Fifth Avenue locations and one Neiman Marcus location.
The company said it is “refining” the store footprints of the two brands, focusing on profitable locations with the highest growth potential.
The following Saks Fifth Avenue locations are closing:
The Summit in Birmingham, Alabama;
Polaris Fashion Place in Columbus, Ohio;
American Dream in East Rutherford, New Jersey;
Shops at Canal Place in New Orleans;
Bala Plaza in Philadelphia;
Biltmore Fashion Park in Phoenix;
Stony Point Fashion Park in Richmond, Virginia; and
Utica Square in Tulsa, Oklahoma.
The Neiman Marcus store in Boston’s Copley Place also is set to close.
“By optimizing our operational footprint, we will be better positioned to deliver exceptional products, elevated experiences and highly personalized service across all channels, while simultaneously positioning our company to make investments that enable long-term growth and value creation,” Saks Global CEO Geoffroy van Raemdonck said.
“Importantly, opportunities within the luxury market remain strong, and Saks Global is primed to play a distinct, enduring role within the industry for many years to come.”
Saks Global is also closing 14 of its Fifth Avenue Club personal styling suites.
The Fifth Avenue Club began as designated areas within Saks’ stores, but the retailer expanded the concept by partnering with luxury resort operators, like The Ritz-Carlton and St. Regis Hotels & Resorts, create private suites in hotels.
The suites were introduced to serve Saks Fifth Avenue customers in markets without a physical store presence but after Saks Global’s 2024 acquisition of Neiman Marcus, it can now serve shoppers in those markets, the retailer said.
Saks Fifth Avenue plans to keep three personal styling suites in markets that present a growth opportunity: Indianapolis and Honolulu, with another set to open in Palm Beach, Florida, in the fall.
Saks Global is also making changes to how designer furniture and home decor retailer Horchow operates.
Starting Feb. 19, customers who want to shop with Horchow will be directed to the home category on the Neiman Marcus website. The full assortment of brands and product categories previously available on Horchow.com will be available there.
“This transition creates meaningful efficiencies and enables closer integration across merchandising, marketing and technology,” Saks Global said.
There are currently no changes planned for the Bergdorf Goodman brand.
The operational changes follow Saks Global’s announcement last month that it would be closing most of its Saks Off 5th retail locations and Last Call stores.
“As we advance on Saks Global’s transformation, we are taking decisive steps to realign our business to better serve our luxury customers and drive full-price selling across our core luxury businesses,” said van Raemdonck.
Closing sales at its off-price retailers began Jan. 31.
Select Saks Off 5th stores will remain open to sell residual inventory from Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, said the company, but it will no longer purchase merchandise directly for Saks Off 5th.
The Saks Off 5th website, which is a separate entity from Saks Global, also will wind down its operations.
More on Majors
The Latest
EditorsMay 05, 2026
This Ohio Designer’s Jewelry Made It to the Met GalaMegan Piccione dressed Lauren Wasser in layers of diamond jewelry, making her stand out in a crowd that included celebrities like Beyoncé.
SourcingMay 05, 2026
Doug Hucker Returns to His RootsFollowing decades of association leadership, the “semi-retired” colored gemstone expert is turning his focus to gemstone education.
Events & AwardsMay 05, 2026
AMNH to Showcase Famous Jewelry, Trophies in Sports HistoryThe museum’s new exhibition will feature one of Jesse Owen’s Olympic medals, Yogi Berra’s crown, Super Bowl rings, and more.
Brought to you by
Discover Timeless Treasures: A Showcase of Antique Jewelry & Timepieces in Las VegasGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
Events & AwardsMay 05, 2026
JIS Launches Brand Exposure ProgramThe new program provides access to media exposure and editorial opportunities for exhibitors and retailers.
Weekly QuizApr 30, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsMay 04, 2026
Melanie Georgacopoulos Turns Pearls Into Light for ‘Eclipse’ CollectionThe “Eclipse” jewelry collection captures the fleeting moment where light and shadow align though onyx, diamonds, and freshwater pearls.
ColumnistsMay 04, 2026
The Key Mindset for Better Trade Show BuyingBuying discipline at trade shows starts with clarity about your inventory levels, Smith writes.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CrimeMay 04, 2026
Pawn Shop Manager Shot, Killed in FloridaLazaro Rodriguez Vega was murdered inside Cash Out Gold and Silver in Fort Pierce. A 20-year-old man has been charged in the case.
IndependentsMay 04, 2026
Zadok Jewelers, Austin Parks Foundation Support Wildflower PreservationA portion of every engagement ring sold in its Austin showroom will support the care and preservation of Austin’s wildflowers and green spaces.
TechnologyMay 01, 2026
Gemist, Saban Onyx Partner on Retailer-Focused Customization OfferingTheir partnership combines Gemist’s customization technology with Saban Onyx’s U.S.-based manufacturing capabilities.
SurveysMay 01, 2026
Consumer Confidence Inches Up in April Despite Rising Gas PricesRespondents were concerned about the Middle East conflict and how it will impact their finances.
CollectionsMay 01, 2026
A ‘Hidden Garden’ Emerges in Tiffany & Co.’s 2026 Blue BookOur Piece of the Week, the “Butterfly” necklace, showcases a 7.02-carat oval diamond set between diamond, platinum, and 18-karat gold wings.
ColumnistsApr 30, 2026
Peter Smith: A Sleazy Salesman and the Case for Regret Avoidance Smith uses a comment he overheard in the grocery store to remind retailers that their job is to inspire buying behavior, not just sell.
AuctionsApr 30, 2026
Vintage Cartier Watch Crashes Through Records, Selling for $2MBelieved to be one of three made in 1987, the Cartier London Crash was hot at the “Shapes of Cartier” sale at Sotheby’s Hong Kong.
CrimeApr 30, 2026
Masked Group Uses Hammers, Pepper Spray in Texas Jewelry Store RobberyOfficials are looking for a group that robbed Marc Robinson Jewelers at an outlet mall in Round Rock, Texas, in broad daylight on April 21.
Supplier BulletinApr 30, 2026
OROAREZZO 2026: The B2B Event for Italian Excellence in Goldsmith, Jewelry and Silver ManufacturingSponsored by OROAREZZO International Jewelry Exhibition
TechnologyApr 29, 2026
The Thought Process Behind the Mother's Day Email Opt-OutSome retailers are taking a nuanced approach to marketing what can be a difficult holiday for many.
IndependentsApr 29, 2026
Dick Abbott to Retire From The EdgeThe Edge has announced its new CEO, as well as a new partnership with an investment firm focused on founder-led software businesses.
SourcingApr 29, 2026
De Beers’ Production Rises, Market Remains ‘Challenged’De Beers’ diamond production was up 17 percent in Q1, boosted by increased output at its mines in South Africa and Canada.
AuctionsApr 29, 2026
This'll Be the Day You Own John Wayne's RingA signet ring belonging to the Western film star of Hollywood’s Golden Age will be up for auction at Elmwood’s next month.
Policies & IssuesApr 28, 2026
Tariff Refunds: How to File, What to Expect Importers can submit claims now to receive money back for the IEEPA tariffs they’ve paid, with refunds expected to take up to 90 days.
IndependentsApr 28, 2026
This North Carolina Jeweler Is Passing the TorchThe owners of Gregory Jewelers in Morganton, North Carolina, are heading into retirement.
SourcingApr 28, 2026
Doug Hucker Retires From ICAThe colored gemstone industry leader is heading into retirement after four years as the association’s CEO.
SourcingApr 28, 2026
NDC Hires Tapestry Exec to Head Global Marketing Susie Dewey joins the Natural Diamond Council as its new chief marketing officer.
AuctionsApr 27, 2026
12 Years Later, the ‘Ocean Dream’ Diamond Resurfaces at Christie’sThe largest known fancy vivid blue-green diamond could fetch more than $12 million at its second auction appearance.
ColumnistsApr 27, 2026
Stop Treating Mother’s Day Like an AfterthoughtEmmanuel Raheb says jewelers need to start marketing early and make it easy for customers to pick a gift for mom.
