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Retail chain gives update on closing sales ahead of mass closures

Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, is closing the majority of its Saks Off 5th and Neiman Marcus Last Call stores.
Only 12 of the 74 Saks Off 5th and Last Call stores nationwide will remain open, primarily to sell residual inventory from the company’s luxury brands rather than new merchandise.
Saks Off 5th announced closing sales at select stores in a statement about the closures, saying the promotions will last several weeks. “We encourage you to shop for your favorite brands while merchandise selection is best,” the company wrote.
The closures come after Saks Global filed for Chapter 11 bankruptcy protection, triggered in part by a missed $100 million interest payment related to its 2024 acquisition of Neiman Marcus.
Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman stores, along with their respective online sites, will continue to operate as normal, while SaksOff5th.com will begin winding down operations.