Saks Global to close nine more stores amid bankruptcy proceedings

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February 10, 2026 2:50 PM EST

Shoppers exit the Saks Fifth Avenue flagship store, after the store filed for bankruptcy protection, in New York City, U.S., January 14, 2026. REUTERS/Brendan McDermid

Feb 10 (Reuters) - Saks ⁠Global said ⁠on ‍Tuesday it is closing nine more stores as the high-end department store ‍conglomerate looks to focus on more profitable ​locations.

The luxury retailer said it is closing eight ​Saks Fifth Avenue locations and one Neiman Marcus location as well as a majority of its standalone Fifth Avenue ​Club personal styling suites.

Additionally, the company said it was also planning to transition ​its home decor shop, Horchow, to Neiman Marcus' online website starting ‌February 19.

Saks will ask a U.S. bankruptcy judge to approve the nine ​store closings at a Friday ⁠court hearing, the company said in a court document filed on Tuesday.

Saks ‌filed for bankruptcy protection last month in one of the largest retail collapses since COVID, barely ‌a year after a deal intended to create a ‌luxury powerhouse brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same roof.

In late January, ‍the company said it would close most of its Saks OFF Fifth ⁠retail locations and remaining Neiman Marcus Last Call stores, to focus on luxury retail and full-price sales.

(Reporting by Koyena Das in Bengaluru; Editing by Krishna Chandra Eluri)


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