Saks Fifth Avenue store closures update: See the full list of doomed locations in 12 states

The latest list of closures will impact Neiman Marcus and Saks Fifth Avenue stores, including the one on Chicago’s Magnificent Mile.

[Photo: James Leynse/Corbis via Getty Images]

The list of Saks Fifth Avenue and Neiman Marcus store locations set to close continues to grow.

On March 6, 2026, parent company Saks Global announced it would close 15 additional retail locations. This is part of a broader restructuring plan following the luxury retailer’s Chapter 11 bankruptcy filing in January.

Here’s what you need to know:

According to a court document filed last Friday with the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division, Saks Global will close an additional 15 store locations. The Saks Fifth Avenue on Chicago’s Magnificent Mile is included on the list. 

Most of the locations are Saks Fifth Avenue stores. The court document notes that closing sales will begin at each of the affected locations on March 13, 2026. 

A news release from Saks Global discussed the additional store closures and included a statement from CEO Geoffroy van Raemdonck.

“This strategic optimization is part of our ongoing transformation and rooted in our long-term view of our business,” the statement read. “Our go-forward store portfolio will comprise the best performing and most desirable locations in markets with the highest concentration of luxury customers, enabling us to deepen loyalty and drive sustainable growth.”

Claire's went from tween mall icon to bankrupt — twice?

© Fast Company