MajorsFeb 12, 2026
These 8 Saks Fifth Avenue Stores Are ClosingMajorsMar 10, 2026
Saks Global to Close 15 More Stores
The retailer also gave an update on its vendor partnerships.
Saks Global is closing an additional 15 stores as part of its restructuring.
New York—Saks Global is closing more stores as part of its reorganization after filing for Chapter 11 bankruptcy protection in January.
The retailer announced Friday that it will close an additional 15 stores, including 12 Saks Fifth Avenue and three Neiman Marcus locations.
According to a list shared by Saks Global, the following Saks Fifth Avenue locations are closing:
Beachwood Place in Beachwood, Ohio;
Wisconsin Avenue in Chevy Chase, Maryland;
Michigan Avenue in Chicago;
South Coast Plaza in Costa Mesa, California;
Las Vegas Boulevard in Las Vegas;
Huntington Station on Long Island, New York;
The Gardens on El Paseo in Palm Desert, California;
Triangle Town Center in Raleigh, North Carolina;
North Star Mall in San Antonio, Texas;
The Mall at University Town Center in Sarasota, Florida;
Plaza Frontenac in St. Louis, Missouri; and
Tysons Galleria in Tysons, Virginia.
The following Neiman Marcus stores are closing:
Ala Moana in Honolulu, Hawaii;
Topanga in Canyon Park, California; and
Westchester in White Plains, New York.
The company said it would support the affected employees through the transition and provide transfer opportunities where available.
These 15 store closures are in addition to the closures announced last month, which included eight Saks Fifth Avenue locations and one Neiman Marcus store.
Saks Global announced earlier this year that it would be closing most of its Saks Off 5th retail locations and Last Call stores. It also closed 14 of its Fifth Avenue Club personal styling suites.
Customers looking for its designer furniture and home decor retailer Horchow will also be redirected to the home category on the Neiman Marcus website.
There are currently no changes planned for the Bergdorf Goodman brand, according to Saks Global.
Related stories will be right here …
The retailer announced Friday that it will close an additional 15 stores, including 12 Saks Fifth Avenue and three Neiman Marcus locations.
According to a list shared by Saks Global, the following Saks Fifth Avenue locations are closing:
Beachwood Place in Beachwood, Ohio;
Wisconsin Avenue in Chevy Chase, Maryland;
Michigan Avenue in Chicago;
South Coast Plaza in Costa Mesa, California;
Las Vegas Boulevard in Las Vegas;
Huntington Station on Long Island, New York;
The Gardens on El Paseo in Palm Desert, California;
Triangle Town Center in Raleigh, North Carolina;
North Star Mall in San Antonio, Texas;
The Mall at University Town Center in Sarasota, Florida;
Plaza Frontenac in St. Louis, Missouri; and
Tysons Galleria in Tysons, Virginia.
The following Neiman Marcus stores are closing:
Ala Moana in Honolulu, Hawaii;
Topanga in Canyon Park, California; and
Westchester in White Plains, New York.
The company said it would support the affected employees through the transition and provide transfer opportunities where available.
These 15 store closures are in addition to the closures announced last month, which included eight Saks Fifth Avenue locations and one Neiman Marcus store.
Saks Global announced earlier this year that it would be closing most of its Saks Off 5th retail locations and Last Call stores. It also closed 14 of its Fifth Avenue Club personal styling suites.
Customers looking for its designer furniture and home decor retailer Horchow will also be redirected to the home category on the Neiman Marcus website.
There are currently no changes planned for the Bergdorf Goodman brand, according to Saks Global.
The store closures will allow Saks Global to better focus on its capabilities and competitive advantages, the company said, while investing in ways to better serve its customers, drive full-price selling, and bolster brand equity.
“This strategic optimization is part of our ongoing transformation and rooted in our long-term view of our business,” Saks Global CEO Geoffroy van Raemdonck said.
Its store portfolio going forward will include the top performers and the most desirable locations with the highest concentration of luxury customers, he said.
“With a refined footprint, we are creating a stronger platform for our brand partners and an even more compelling customer experience as we focus on investing in the luxury experience, sharpening the differentiation of our coveted banners, and fully leveraging our prime owned and other retail locations."
With the announcement of these closures, Saks Global said it has “largely completed” the optimization of its store network but is working with landlords to make final decisions about any additional store closures.
Saks Global said it has improved its liquidity position, with access to approximately $825 million of $1.75 billion in committed capital.
This has funded new orders with brand partners, which the retailer said has “strengthened dialogue with brand partners and reinforced their confidence in the company’s strategic direction.”
Saks has struggled to pay its vendors, including numerous jewelry designers and brands, which has taken a toll on its partnerships.
Shipping has resumed with more than 500 brands, the retailer said, releasing around $1.3 billion in retail receipts, which accounts for 80 percent of the inventory it expects to receive in the February-April period.
The company has reached or nearly reached agreements with more than 175 brands and is “committed to having equally productive discussions with more brand partners.”
Editors' Picks
Sponsored by
More on Majors
The Latest
AuctionsJun 18, 2026
Paraíba Tourmalines Sell for $3.4M at Sotheby'sThe recent high jewelry auction, which also featured the sale of a 10-carat blue diamond, was “a celebration of color.”
CollectionsJun 18, 2026
Michelle Obama Wears Almasika Earrings Symbolizing Feminine PowerShe wore the “Le Cauri Endiamanté” earrings, our Piece of the Week, in the Obamas’ first dual portrait for the Obama Presidential Center.
PodcastsJun 17, 2026
Episode 6: Las Vegas 2026-Trends, Traffic, Broken BathroomsCouture’s Michelle Orman joins Amanda Gizzi and Michelle Graff for this special post-Market Week episode of My Next Question.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
GradingJun 17, 2026
SSEF Issues Warning on Refilled EmeraldsThe lab is seeing emeralds with filler added post-testing enter the market, accompanied by reports that indicate little to no treatment.
Weekly QuizJun 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
WatchesJun 17, 2026
Patek Philippe’s ‘Visionary’ Leader Philippe Stern Dies at 88 The third generation of the Stern family to head Patek Philippe, he navigated the “quartz crisis” and preserved the brand’s independence.
Policies & IssuesJun 17, 2026
Community for Ethical Jewelry Names New Executive DirectorMarianna Smirnova previously spent a decade working with the Responsible Minerals Initiative, in addition to other relevant roles.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
MajorsJun 16, 2026
5 Things to Know About the 2026 NBA Championship TrophyThe New York Knicks took home the Larry O'Brien Trophy crafted by Tiffany & Co.
TrendsJun 16, 2026
Post-Vegas Jewelry Trend Report: Big Beads, Western Flair, White MetalsAssociate Editor Natalie Francisco lists the trends she spotted during Jewelry Market Week that will dominate the second half of 2026.
SourcingJun 16, 2026
GemGuide Updates Ruby PricesIts app now reflects increased prices for Mozambique ruby, as well as changes to its Burma ruby charts.
MajorsJun 16, 2026
Sasha Primak Hires New Design DirectorThe manufacturer has tapped Alicia Arnold, the former director of custom design at Tiny Jewel Box.
IndependentsJun 15, 2026
DeBoulle Diamond & Jewelry to Renovate Dallas FlagshipThe revamped, elevated space will feature a two-story Patek Philippe atelier and a rooftop patio for parties.
WatchesJun 15, 2026
G-Shock, Coca-Cola Partner on Bottle-Inspired WatchThe special-edition piece marks the 140th anniversary of the iconic beverage brand.
TrendsJun 15, 2026
Amanda’s Style File: Tiny Charms Are TrendingHere are 13 small charms to inspire your layered looks this summer.
AuctionsJun 12, 2026
16th-Century ‘Hogback’ Diamond Ring Going Up for Auction in LondonFound by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.
CollectionsJun 12, 2026
Chouette Designs To Launch Collection Celebrating All Types of LoveOur Pride Month Piece of the Week, the “Margaux” ring, is part of the wife-and-wife team’s new “Lovestoned” collection.
Events & AwardsJun 12, 2026
CBG Announces Plans for Phoenix ShowThe group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.
EditorsJun 11, 2026
This Was the Best Animal Jewelry in Las Vegas From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.
SourcingJun 11, 2026
Grandview Klein, London Jewelers Partner To Cut 63-Carat RoughThe big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.
MajorsJun 11, 2026
Former Cartier Creative Director To Head Chanel’s Jewelry Creation StudioMarie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.
Lab-GrownJun 11, 2026
Smiling Rocks’ ‘Wish Jar’ Generates 100+ Wishes in Las Vegas At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.
SourcingJun 11, 2026
Signet Jewelers Exec Joins Diamonds Do Good BoardIlana McCabe is Signet’s vice president of public relations and brand communications.
AuctionsJun 10, 2026
31.62-Carat ‘Azure Blue’ Diamond Sells For $8M+ at Christie’sIt was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.
MajorsJun 10, 2026
Saks Global Receives Bankruptcy Court Approval for ReorganizationThe approval means the retailer is on track to exit bankruptcy proceedings this summer.
CrimeJun 10, 2026
2 Suspects Arrested in Texas Jewelry Store RobberyThe men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.
CollectionsJun 10, 2026
Sylvie Debuts ‘Elevated’ Bridal Collection Inspired By Designer’s RingThe bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.
