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Only 15 Saks Fifth Avenue locations will remain after the latest wave of store closures

Saks Fifth Avenue's Chicago location
Saks Fifth Avenue's Chicago location is among the 20 locations that the company is shutting down.

Courtesy of Saks Global

  • Saks Global is closing more stores, including locations of its flagship brand and Neiman Marcus.
  • In January, Saks filed for bankruptcy after failing to pay vendors for over a year.
  • The company says it is now focusing on the luxury sector.

Saks Global, the bankrupt company behind Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, is continuing to close stores.

In March, the company said it would close 10 Saks Fifth Avenue and two Neiman Marcus locations. The news came after a February announcement that it would close eight Saks Fifth Avenue stores and one Neiman Marcus, as well as nearly all of its Saks Off Fifth and Neiman Marcus Last Call locations.

Following the closures, only 15 Saks Fifth Avenue locations will remain open, according to an updated press release. Thirty-three Neiman Marcus stores will continue operating, the company said.

"Our go-forward store portfolio will comprise the best performing and most desirable locations in markets with the highest concentration of luxury customers," Geoffroy van Raemdonck, Saks Global's new CEO, said in a statement announcing the closures.

Word of the latest wave of closures came with some good news for the company: More than 500 brands have resumed shipping to Saks' retailers after the company had struggled with inventory for months.

"The Company has reached or nearly reached agreements with more than 175 brands across all categories," the statement said.

In January, Saks Global filed for Chapter 11 bankruptcy protection following a year marked by missed payments and restructuring. The company owes hundreds of millions of dollars to brands like Chanel and LVMH.

As part of its turnaround plan, Saks said in January that it was "sharpening its focus on luxury" and would close the majority of its discount stores.

Saks Off 5th's website, a separate legal entity from Saks Global, hosted a liquidation sale and is shutting down.

Earlier in January, Saks shut down a facility in Florida and said it would lay off at least 74 positions.

Here is the full list of Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Last Call locations closing:

Saks Fifth Avenue locations closing:

1. The Summit (Birmingham, AL)

2. Polaris Fashion Place (Columbus, OH)

3. American Dream (East Rutherford, NJ)

4. Shops at Canal Place (New Orleans, LA)

5. Bala Plaza (Philadelphia, PA)

6. Biltmore Fashion Park (Phoenix, AZ)

7. Stony Point Fashion Park (Richmond, VA)

8. Utica Square (Tulsa, OK)

9. Beachwood Place (Beachwood, OH)

10. Wisconsin Avenue (Chevy Chase, MD)

11. Michigan Avenue (Chicago, IL)

12. South Coast Plaza (Costa Mesa, CA)

13. Las Vegas Boulevard (Las Vegas, NV)

14. Long Island (Huntington Station, NY)

15. Triangle Town Center (Raleigh, NC)

16. North Star Mall (San Antonio, TX)

17. Plaza Frontenac (St. Louis, MO)

18. Tysons Galleria (Tysons, VA)

Neiman Marcus locations closing:

1. Copley Place (Boston, MA)

2. Ala Moana (Honolulu, HI)

3. Topanga (Canyon Park, CA)

Saks Off 5th locations closing

1. Mebane (Mebane, NC)

2. Charleston (Charleston, SC)

3. Grand Prairie (Grand Prairie, TX)

4. Ala Moana (Honolulu, HI)

5. Petaluma (Petaluma, CA)

6. Glendale (Glendale, AZ)

7. Tucson (Tucson, AZ)

8. Merrimack (Merrimack, NH)

9. Riverhead (Riverhead, NY)

10. Clinton (Clinton, CT)

11. North Atlanta (Woodstock, GA)

12. Aurora Chicago (Aurora, IL)

13. Dallas Park (Dallas, TX)

14. Northbrook (Northbrook, IL)

15. Eagan (Eagan, MN)

16. Columbus (Columbus, OH)

17. San Diego (San Diego, CA)

18. Camarillo (Camarillo, CA)

19. Ontario (Ontario, CA)

20. Milpitas (Milpitas, CA) 21. State Street (Chicago, IL)

22. Stamford High Ridge (Stamford, CT)

23. Greenburgh (Greenburgh, NY)

24. Arundel (Hanover, MD)

25. Hawaii (Honolulu, HI)

26. Palm Desert (Palm Desert, CA)

27. Scottsdale (Scottsdale, AZ)

28. Phoenix (Chandler, AZ)

29. Eastchester (Eastchester, NY)

30. Bridgewater (Bridgewater, NJ)

31. Clarksburg (Clarksburg, MD)

32. Deer Park (Deer Park, NY)

33. Shrewsbury (Shrewsbury, NJ)

34. Elizabeth (Elizabeth, NJ)

35. Boston (Somerville, MA)

36. Wrentham (Wrentham, MA)

37. Orlando Vineland (Vineland, FL)

38. Naples Park Shore (Naples, FL)

39. Orlando (Orlando, FL)

40. Tampa (Lutz, FL)

41. Ellenton (Ellenton (Tampa), FL)

42. Destin (Destin, FL)

43. Charlotte (Charlotte, NC)

44. Atlanta (Woodstock, GA)

45. Hilton Head (Bluffton, SC)

46. Rosemont (Rosemont, IL)

47. Cypress (Cypress, TX)

48. Sugarland (Sugarland, TX)

49. Katy (Katy, TX)

50. Costa Mesa (Costa Mesa, CA)

51. Beverly Connection (Los Angeles, CA)

52. Woodland Hills (Woodland Hills, CA)

53. Las Vegas N (Las Vegas, NV)

54. Livermore (Livermore, CA)

55. San Antonio (San Antonio, TX)

56. Cabazon (Cabazon, CA)

57. Las Vegas S (Las Vegas, NV)

Last Call locations closing:

1. Sawgrass Mills (Sunrise, FL)

2. Desert Hills Premium Outlets (Cabazon, CA)

3. Grapevine Mills (Grapevine, TX)

4. San Marcos Premium Outlets (San Marcos, TX)

5. The Outlets at Orange (Orange, CA)

Update: April 7, 2026 — This story has been updated to include the latest number of Saks Fifth Avenue locations that will remain open.

Read the original article on Business Insider

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More than 1,500 stores are set to close across the US in 2026. Here's the list.

Allbirds store closing sign
Allbirds said it would close its stores in 2026.

Scott Olson/Getty Images

  • More than 1,500 US retail stores and restaurants are set to close by the end of 2026.
  • Major chains, including Wendy's and Macy's, are citing efficiency as the reason behind the closures.
  • Eddie Bauer is one of the latest companies to announce closures.

Retailers and restaurants are gearing up for another wave of store closures.

It's shaping up to be the continuation of a retail pullback that Business Insider tracked in 2024 and 2025. Major chains, from department stores like Macy's and Saks Fifth Avenue to restaurant chains Pizza Hut and Wendy's, have already announced multiyear closure plans that extend into 2026, as have some niche stores.

Some companies, such as Macy's, are closing their physical stores to invest more resources into their online businesses.

In 2025, Business Insider tracked around 4,100 closures as of late December. Retail data and consultant firm Coresight Research predicted earlier in the year that roughly 15,000 retail locations would close in the year.

So far for 2026, Business Insider has identified more than 1,500 planned closures.

See the list of major closures below.

Francesca's: over 400 stores
Francesca's storefront

Josh Brasted/Getty Images

After filing for Chapter 11 bankruptcy protection on February 5, apparel retailer Francesca's said it will conduct going-out-of-business sales at all of its roughly 400 stores across the US.

Francesca's previously filed for bankruptcy protection in 2020 before being acquired by TerraMar Capital and Tiger Group.

"This process provides a structured path to pursue the best outcome for all stakeholders," Curt Kroll, CFO, said in a February statement about the bankruptcy. "We remain focused on operating responsibly and supporting our teams, partners, and guests throughout this process."

Wendy's: 300 stores
Wendy's logo

Katy Blackwood/NurPhoto via Getty Images

In a February 13 earnings call, Wendy's interim CEO Ken Cook said the company planned to close underperforming restaurants in the US, representing 5% to 6% of its roughly 6,000 locations. An estimated 5% of Wendy's restaurants would come out to around 300 locations.

Cook told investors to expect the closings to take place in the first half of 2026.

Pizza Hut: 250 stores
Pizza Hut sign

Jose Luis Torales/NurPhoto via Getty Images

Restaurant chain Pizza Hut is set to close 250 underperforming stores in the US during the first half of 2026, its parent company, Yum! Brands, said in February. The reduction comes as part of a program to accelerate the Pizza Hut brand in the long term.

The company said that the 250 targeted closures are a fraction of the 20,000 locations that Yum! Brands operates globally.

Eddie Bauer: 175 stores
Eddie Bauer store closing sale.
Nearly 200 Eddie Bauer stores across the US and Canada are expected to close.

Tim Boyle/Getty Images

Nearly 200 North American Eddie Bauer storefronts are expected to shut down after the operating entity behind the stores failed to find a buyer during its Chapter 11 restructuring.

Liquidation sales have been underway at the 175 Eddie Bauer stores in the US and Canada.

Those store-closing sales are projected to wrap up before April 30, according to court filings in the company's bankruptcy case.

Carter's: 100 stores
A Carter's storefront.
A Carter's store in New York.

Diana Haronis/Getty Images

Carter's, one of North America's biggest children's and baby apparel retailers, said in October that it plans to close 150 stores across the region over the next three years as leases expire, including about 100 by the end of 2026.

Macy's: 80 stores
Macy's store sign

Jeffrey Greenberg/Universal Images Group via Getty Images

In January 2025, Macy's said it planned to close 150 locations through 2026, allowing it to focus on its best-performing locations and online experience. After the closures are complete, about 350 Macy's stores are expected to remain. Macy's closed at least 66 stores in 2025.

Kroger: 60 stores
Kroger storefront

Brandon Bell/Getty Images

Grocery giant Kroger said in June 2025 that it planned to close 60 "unprofitable" stores across the US over the next 18 months. The company said in September that it had begun that process.

The company said in its last annual report that it operated 2,731 supermarkets in 35 states and Washington, DC, as of February 2025.

Saks Off 5th: 57 stores
Saks Off Fifth sign

Kevin Carter/Getty Images

Saks Off 5th, a luxury outlet retailer offering discounted designer brands, plans to close 57 stores in early 2026. It announced plans to close nine of those stores last year, and the rest were announced in January.

Saks Global, the parent company of Saks Off 5th, as well as Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy protection in early January. The outlet's website, a separate legal entity, is also winding down operations.

In addition to the Saks Off 5th closures, Saks Global is closing five Last Call locations, the off-price Neiman Marcus stores.

Grocery Outlet: 36 stores
Grocery Outlet

MediaNews Group/Orange County Register via Getty Images/MediaNews Group via Getty Images

Supermarket chain Grocery Outlet is set to close 36 underperforming stores, representing about 6% of its fleet in 2026. CEO Jason Potter told analysts on March 4 that the company had identified stores that no longer had a "viable path to sustained profitability."

The closures come as the grocery chain has been expanding rapidly, particularly in Eastern states. The chain said in November that it planned to end 2025 with 37 new store openings. It plans to open another 30 to 33 net new stores in 2026, Potter said in the March call.

Of the 36 stores closing this year, 24 are located in the Eastern US. The closures make up about 30% of that region's stores, Potter said. He said Grocery Outlet won't be exiting any state completely.

"However, it's clear now that we expanded too quickly and these closures are a direct correction," Potter said.

Grocery Outlet saw a nearly $235 million operating loss and a more than $218 million net loss in its fourth-quarter earnings results.

Torrid: 29 stores
Torrid storefront

Daniel Boczarski/Getty Images for Torrid

Torrid, a plus-size apparel retailer, told investors in March that it had previously identified 180 unproductive stores, of which it closed 151 locations by the end of 2025. CEO Lisa Harper said the company plans to close the remaining stores in the first half of 2026.

Torrid closed 11 locations in the first quarter of 2026, Harper said.

Allbirds: 23 stores
Allbirds store closing sign

Scott Olson/Getty Images

Shoe brand Allbirds said in January that it would close its remaining full-price stores in the US by the end of February. The company said the closures would enable it to dedicate resources toward its e-commerce business.

As of December 2025, Allbirds' US retail presence consisted of 23 stores.

"By exiting these remaining unprofitable doors, we are taking actions to reduce costs and support the long-term health of the business," said Joe Vernachio, CEO.

In March, Allbirds agreed to sell to American Exchange Group, a New York-based fashion and consumer goods company, for $39 million.

Yankee Candle: 20 stores
Yankee Candle storefront

Brandon Bell/Getty Images

Newell Brands said in December 2025 that it would close 20 Yankee Candle stores in the US and Canada beginning in January 2026. The closures were announced alongside the reduction of its workforce by over 900 employees.

"This productivity plan is about taking the next, disciplined step to enhance efficiency, sharpen our strategic focus, and deliver stronger, more consistent performance," CEO Chris Peterson said in a press release.

Saks Fifth Avenue: 18 stores
Saks Fifth Avenue shopping bag
Saks Fifth Avenue announced 20 store closures after filing for bankruptcy in January.

ANGELA WEISS / AFP via Getty Images

After filing for bankruptcy in January, Saks Global announced a series of closures.

The first wave was announced in February, with the company saying it would optimize its Saks Fifth Avenue footprint by closing eight locations. In March, it announced that another 10 locations would close.

Those closures leave 15 Saks Fifth Avenue locations remaining.

Neiman Marcus: 4 stores
Neiman Marcus in Topanga
The Neiman Marcus in Topanga, California, is among four that is closing.

Courtesy of Saks Global

In addition to many Saks Fifth Avenue and Off Fifth locations, Saks Global closed four Neiman Marcus locations. The company announced one of the closures — a Boston store — in February and another three in March.

REI: 3 stores
REI store sign

Michael M. Santiago/Getty Images

REI confirmed to Business Insider that it plans to close three stores, starting with a location in New Jersey, in the first quarter of 2026. Its stores in New York City's SoHo neighborhood and Boston are set to follow in late 2026.

"As markets and customer needs evolve, we must adapt to position the co-op for long-term success," the company said in a statement.

Read the original article on Business Insider

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