Overview
- Eight Saks Fifth Avenue locations and Neiman Marcus Copley Place in Boston will hold closing sales and are slated to shut by the end of April, pending bankruptcy court approval at a hearing Friday.
- Targeted sites include American Dream (NJ), Biltmore Fashion Park (Phoenix), Shops at Canal Place (New Orleans), Bala Plaza (Philadelphia), Polaris Fashion Place (Columbus), The Summit (Birmingham), Stony Point Fashion Park (Richmond) and Utica Square (Tulsa).
- Saks Global will wind down most standalone Fifth Avenue Club personal styling suites, closing 14 and keeping three locations.
- Horchow.com will transition to the home category on NeimanMarcus.com on Feb. 19, with existing Horchow orders honored and fulfilled.
- The company says the stores selected are largely unprofitable and represent a small single‑digit share of annual GMV, following earlier plans to close 57 Saks OFF 5TH stores and all five Last Call outlets.