Luxury retailer Saks Global Enterprises LLC is shutting down nine stores across the United States in a bid to strengthen retail positioning and drive “profitable and sustainable growth,” the company said in a Feb. 10 statement.
Eight Saks Fifth Avenue stores and one Neiman Marcus store will be shut down, the company said. The Fifth Avenue stores, scheduled for closure, are located in eight different states: Alabama, Arizona, Louisiana, New Jersey, Ohio, Oklahoma, Pennsylvania, and Virginia. The Neiman Marcus store is located in Massachusetts. Saks had acquired the Neiman Marcus brand in 2024.
