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Saks to close stores amid bankruptcy proceedings

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1 week ago

Saks Global Enterprises said Tuesday it will close nine stores as it shifts its focus to more profitable locations.The company said eight Saks Fifth Avenue locations and one Neiman Marcus store will close."By optimizing our operational footprint, we will be better positioned to deliver exceptional products, elevated experiences and highly personalized service across all channels, while simultaneously positioning our company to make investments that enable long-term growth and value creation," Saks Global Enterprises CEO Geoffroy van Raemdonck said in a statement.SAKS GLOBAL FILES FOR BANKRUPTC...

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1 week ago
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