"Saks Global, owner of luxury retail chains Saks 5th Avenue and Neiman Marcus, has announced the closure of most of its discount outlet stores, Saks Off 5th and Last Call. The store closures come weeks after Saks Global announced that it was filing for Chapter 11 bankruptcy protection. Here's what you need to know about the store closures, including a full list of the locations being shuttered."
"The company has now announced that two of these retailers will be hit by store closings. The first is Saks Off 5th, the company's outlet store chain, which sells discounted apparel and accessories for shoppers on a budget. The company also announced that it will close all its Last Call stores. Last Call is the discount outlet chain originally owned by Neiman Marcus, which Saks Global acquired for around $2.7 billion in 2024."
Saks Global, owner of Saks 5th Avenue, Neiman Marcus, Bergdorf Goodman, Saks Off 5th, Last Call, and Horchow, announced closures of most Saks Off 5th locations and all Last Call stores. The closures follow the company's filing for Chapter 11 bankruptcy protection earlier this month. Saks Off 5th operates as the outlet for discounted apparel and accessories; Last Call was the Neiman Marcus outlet chain acquired by Saks Global for around $2.7 billion in 2024. Store closures aim to reduce operations and restructure amid bankruptcy proceedings, and affected locations have been identified for closure.
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