Saks Fifth Avenue to Close SA Store as Luxury Retailer Shutters More Locations

Saks Fifth Avenue to close SA store as luxury retailer shutters more locations

The store at North Star Mall will close after May. The company filed for Chapter 11 bankruptcy protection in January.

Saks Global To Shutter 15 More Department Stores

The majority of Saks Fifth Avenue locations will shutter as the department store's parent company announced another round of closures related to its Chapter 11 bankruptcy restructuring and luxury refocus.

Saks Global closes 15 more stores as part of restructuring

The luxury retailer, which owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman department store chains, is nearing the end of its ‘store optimisation’ plans with a fresh wave of store closures

Saks Global to axe 15 more shops amid restructuring

Saks Global is reportedly set to close 15 more stores as part of its restructuring. The luxury department store retailer announced on 6 March that it would be shutting 12 Saks Fifth Avenue shops as well as three Neiman Marcus stores. The news comes after nine shop closures had previously been announced. Saks Global CEO Geoffroy van Raemdonck said: “This strategic optimisation is part of our ongoing transformation and rooted in our long-term view…

Saks Global to close 15 additional stores amid restructuring

Saks Global will close 15 more stores as it moves to cut losses and focus on more profitable locations after filing for bankruptcy this year.The post Saks Global to close 15 additional stores amid restructuring appeared first on Retail Insight Network.