Headlines

Saks Global Reverses Decision to Close Three Stores

Change involves two Saks Fifth Avenues and one Neiman Marcus.

Published

3 weeks ago

March 25, 2026

VMSD Staff

Saks Global Reverses Decision to Close Three Stores — The Mall at University Town Center in Sarasota, Fla., is home to one of the two Saks Fifth Avenue stores their parent company has decided not to close. Photo: Courtesy of Simon Property Group

The Mall at University Town Center in Sarasota, Fla., is home to one of the two Saks Fifth Avenue stores their parent company has decided not to close. Photo: Courtesy of Simon Property Group

Saks Global (New York) has decided that three stores it had targeted for closure will stay open, reports CoStar News. The stores are Saks Fifth Avenues in The Gardens on El Paseo in Palm Desert, Calif., and The Mall at University Town Center in Sarasota, Fla., and the Neiman Marcus at The Westchester Mall in White Plains, N.Y.

Saks Global told CoStar the decision not to close those stores resulted from talks between it and Simon Property Group, landlord of the mall housing the locales.

“Our approach to optimizing our store footprint remains centered on ensuring we focus our presence in markets with a high concentration of luxury shoppers where we can operate at an attractive level of profitability,” Saks Global said in an e-mail to CoStar. “We look forward to continuing to serve customers in these markets.”

Since filing Chapter 11 bankruptcy in January, Saks Global has made two announcements of closings of its luxury chains, adding up to 20 Saks Fifth Avenue and four Neiman Marcus stores, as well as virtually the entire off-price units of both brands. The three luxury locations now slated to stay open were named on March 6 and set to go dark in May.

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

click to Comment(Comment)

Up Next

NY Update: Armadillo, Pasquale Bruni and WeWear

Don't Miss

Last Chance: VMSD’s Design Firm Guide’s Final Deadline is Friday

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design