Saks Global’s ongoing bankruptcy is having a ripple effect on its Southern California stores.
As part of its shutdown of several Saks Fifth Avenue and Neiman Marcus locations nationwide, Saks Global is closing its doors for good at three sites in SoCal, the Orange County Register reported.
South of Los Angeles in Orange County, the Saks Fifth Avenue store at the South Coast Plaza shopping center in Costa Mesa will close its doors. In Palm Desert, the Saks Fifth Avenue outpost at The Gardens on El Paseo mall will also shut its lights for good. Closer to L.A., in the San Fernando Valley, Saks Global plans to wind down its Neiman Marcus store at 6550 Topanga Canyon Boulevard in Canoga Park.
Not all Saks Global shops in Southern California are disappearing, however. The Saks Fifth Avenue and Neiman Marcus stores in Beverly Hills and the Neiman Marcus store at Fashion Island shopping center in Newport Beach will remain open, according to the Orange County Register.
A timeline for closing has not yet been revealed. Existing gift cards will continue to be accepted at any closing location for 15 days after the closing sale begins, company officials said, per the Register.
Saks Global’s discount stores are similarly going dark across the country. After filing for Chapter 11 bankruptcy in January, the company announced it would be closing 62 stores from coast to coast. Most of those Saks stores are Saks Off 5th discount locations, and the Saks Off 5th e-commerce website is in the midst of a closing sale. Another five Neiman Marcus Last Call discount outlets will also shut down.
Saks’ filing made it the most notable department store chain to enter bankruptcy since the pandemic, the Wall Street Journal reported. Saks Global acquired Neiman Marcus in late 2024 in a $2.7 billion deal with the goal of forming a luxury retail juggernaut. The firm operates approximately 33 Saks Fifth Avenue stores, 36 Neiman Marcus locations, two Bergdorf Goodman flagships and roughly 70 Saks Off 5th discount stores nationwide.
— Chris Malone Méndez
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