Saks Global Sets Second Wave of Luxury Store Closings

Saks Global left open the possibility of a few further closures beyond what’s been laid out so far. On Friday, it indicated that it has “largely completed the optimization of its footprint, but continues to engage with landlords as it works to make final decisions on its go-forward network of stores.”Saks Global filed for Chapter 11 on Jan. 13, clearing the way for it to get out of leases without penalties, while continuing to operate healthy stores and working under court supervision to restructure debts, ...