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News | Saks Global to close eight Saks Fifth Avenue locations, one Neiman Marcus store
Saks Global is closing nine luxury department stores, including eight Saks Fifth Avenues and one Neiman Marcus, as part of bankruptcy proceedings to focus on more profitable locations. This follows an earlier decision to shut down most of its outlet stores. The company aims to optimize its operational footprint and invest in long-term growth, with Simon Property Group already planning to redevelop the closing Neiman Marcus space in Boston.