Saks Global Deepens Store Closures as It Reshapes Its Luxury Footprint

Saks Global is moving further into store rationalization, announcing plans to close 12 additional Saks Fifth Avenue locations and 3 more Neiman Marcus stores as it narrows its footprint around higher-performing luxury markets. The move builds on the first round of closures announced earlier this year and signals that the company’s restructuring is now shifting from emergency stabilization to a more deliberate portfolio reset.

The retailer is framing the strategy around quality rather than scale. The go-forward network will center on what it calls the best-performing and most desirable stores in markets with the highest concentration of luxury customers, while Bergdorf Goodman’s footprint remains unchanged.

A Smaller Footprint with a Sharper Luxury Focus

This latest round of closures is part of a broader effort to refine how the company operates across its banners. In some markets, Saks Global will keep either a Saks Fifth Avenue or Neiman Marcus store based…