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Saks Global is closing nine stores and shutting Horchow.com as part of its bankruptcy restructuring to focus on profitable locations and improve online shopping.
Saks Global is closing eight Saks Fifth Avenue stores and one Neiman Marcus location in Boston as part of its Chapter 11 bankruptcy restructuring.
The closures, affecting stores in Philadelphia, Columbus, Ohio, and Phoenix, are aimed at focusing on higher-performing locations and improving profitability.
The company is also shutting down Horchow.com, redirecting its home goods offerings to NeimanMarcus.com by February 19.
The changes mark the first phase of a broader transformation to strengthen luxury retail operations and enhance the omnichannel shopping experience.
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Saks Global está cerrando nueve tiendas y cerrando Horchow.com como parte de su reestructuración por bancarrota para centrarse en ubicaciones rentables y mejorar las compras en línea.