Saks Global to close 8 Saks Fifth Avenue stores and 1 Neiman Marcus store in restructuring

NEW YORK (AP) — The operator of Saks Fifth Avenue and Neiman Marcus said that it will close eight Saks Fifth Avenue stores as well as its Neiman Marcus Boston store as it focuses on its most profitable businesses and pares down debt during its Chapter 11 bankruptcy restructuring. Saks Fifth Avenue's locations to be shuttered include sites in Philadelphia; Columbus, Ohio; and Phoenix, the company said. That will leave parent company Saks Global with 25 Saks Fifth Avenue stores and 35 Neiman Marcus stores. ...