Saks Off 5th shutting 'majority' of stores. See locations to close. [USA TODAY]
Simon Property Group, Inc. (SPG)
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Source: USA TODAY
Saks Off 5th shared a social media post on Feb. 2, announcing to customers that "Saksoff5th.com, Neiman Marcus Last Call stores, and the 'majority' of Saks OFF Fifth stores are closing." This development comes after Saks Global announced its Chapter 11 filing and leadership changes on Jan. 14. "Select stores will participate in closing sales, which will extend over the next several weeks," Saks Off 5th's post reads. "We encourage you to shop for your favorite brands while merchandise selection is best." Described as "strategic actions," the closures come as the company continues to access the initial $500 million portion of a $1.75 billion financing package. The closures only apply to Saks Off 5th and Last Call retail locations, according to Saks Global. Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman stores, as well as their ecommerce experiences, are "open and serving customers as usual," according to the chain of luxury retailers. Here's the latest on the closures, i
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SPG
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- 2/2/26 - Miss
SPG
Sec Filings
- 2/5/26 - Form 8-K
- 2/5/26 - Form 8-K
- 2/2/26 - Form 8-K
- SPG's page on the SEC website