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Saks Global to Shut 15 More Stores as Part of Restructuring

The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
Combined, Saks Fifth Avenue and Neiman Marcus accumulated $4.7 billion in total debt as of the second quarter of 2025.
Saks has largely completed the process of shutting down underperforming stores. (Getty Images)

Saks Global said on Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, ​tries to cut losses and focus on more ‌profitable, higher-end locations.

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