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
Lab-GrownMay 08, 2026
NDC Publicly Criticizes Pandora Over ‘Misleading’ Natural Diamond ClaimsNDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.
SourcingMay 08, 2026
Ronnie VanderLinden Takes Over as WDC President The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.
TrendsMay 08, 2026
Rihanna Chooses ‘Desert Diamonds’ for 2026 Met GalaShe wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.
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 08, 2026
JA Announces 2026 CASE Award WinnersTwo pieces were named “Best in Show,” one from the retail category and one from the supplier category.
Weekly QuizMay 07, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
FinancialsMay 07, 2026
Brilliant Earth Appeals to Higher-Income Shoppers in Q1The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.
AuctionsMay 07, 2026
‘Spectacular’ Kashmir Sapphire Headlines Heritage Spring Jewelry SaleLed by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.
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.
WatchesMay 07, 2026
Chrono24 Names New CEOJosé Gaztelu has been promoted to the role, which has been vacant since last year.
Events & AwardsMay 07, 2026
JA Accepting Applications for 2026 Scholarship ProgramIt has also opened the application period for the Seymour & Evelyn Holtzman Bench Scholarship through June 30.
SourcingMay 06, 2026
Canada’s Oldest Diamond Mine Faces Uncertain FutureThe owner of the Ekati mine, which opened in 1998, has filed for insolvency protection amid the significant decline in diamond prices.
FinancialsMay 06, 2026
Pandora to Add Carbon Footprint Info to Lab-Grown DiamondsThe company announced the change alongside its Q1 results, which showed that the jewelry brand’s year is off to a shaky start.
AuctionsMay 06, 2026
Steve McQueen’s Heuer Monaco Watch Heads to Sotheby'sOf the many examples used in the filming of “Le Mans,” this one is believed to have spent the most time on Steve McQueen’s wrist.
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.
Events & AwardsMay 05, 2026
JIS Launches Brand Exposure ProgramThe new program provides access to media exposure and editorial opportunities for exhibitors and retailers.
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.
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.
MajorsApr 30, 2026
Claire’s New Summer Campaign Is a Sensory Wonderland for Gen Alpha“A Girl SMR at Claire’s” celebrates girlhood through the five senses with stacked jewelry, slime toys, scented accessories, and ASMR.
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.
