Latest step in bankruptcy plan dooms additional 12 Saks Fifth Avenue and 3 Neiman Marcus locations nationwide ...

A smaller footprint will enable the retailer to focus more on luxury shoppers, the CEO said.

The closure is part of a "strategic retreat" during the company's voluntary Chapter 11 bankruptcy process, following an earlier wave of 62 closures.

The parent company of Saks Fifth Avenue and Neiman Marcus will close 24 locations this spring. Here's the list. (AP photo) ...

Saks Global said Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations. The ...

Saks Global plans to shutter more than a dozen additional stores, including a handful of Neiman Marcus locations, as it works through bankruptcy.

Saks Global Inc. said Friday it will close 12 more Saks Fifth Avenue stores and three more Neiman Marcus stores. The shuttered Saks stores include sites in Chevy, Chase, Maryland, Chicago and San ...

Since filing Chapter 11 bankruptcy on Jan. 13, the retailer has revealed plans to close 20 Saks Fifth Avenue and four Neiman Marcus stores, among the other operations being discontinued.

The parent company of Saks Fifth Avenue and Neiman Marcus will close more department stores as part of its bankruptcy restructuring. Here's what we know.

Since filing for Chapter 11 bankruptcy protection in early January, Saks Global has announced multiple rounds of closings.

Closures include Saks Fifth Avenue stores in eight states, a Neiman Marcus store in Boston, and 14 standalone Fifth Avenue ...