159-year-old retail giant announces more store closures

Core Insights - Saks Global is undergoing significant changes as it navigates Chapter 11 bankruptcy protection, focusing on luxury customers and prioritizing full-price selling for sustainable growth [3][4] - The company plans to close eight Saks Fifth Avenue stores and one Neiman Marcus location, continuing operations until April 2026 [5][6] - After the closures, Saks will operate 25 Saks Fifth Avenue stores, 35 Neiman Marcus locations, and two Bergdorf Goodman units [6] Company Actions - Saks Global aims to optimize its operational footprint to enhance product delivery, customer experience, and personalized service while enabling long-term growth [4] - The company is shutting down 14 standalone Fifth Avenue Club personal styling locations, retaining only three in markets with stronger growth potential [9] Store Closures - The specific Saks Fifth Avenue stores closing include locations in Birmingham, Columbus, East Rutherford, New Orleans, Philadelphia, and Phoenix [7] - The Neiman Marcus location closing is in Copley Place, Boston [8]