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

Three Neiman Marcus and 12 Saks Fifth Avenue locations will shutter. The luxury company, which is in bankruptcy court, said its fleet is likely now set.

These are the stories making headlines in fashion on Monday. Saks Global is closing 15 more stores — 12 Saks Fifth Avenue stores and three Neiman Marcus locations — as part of its restructuring plan.

Saks Global will close an additional 15 stores as it seeks to right-size itself following its 2025 bankruptcy.

Clothing retailer Abercrombie & Fitch is returning to Hampton Roads with a new store planned to open this fall in the Town Center of Virginia Beach. AH Realty Trust, previously Armada Hoffler, ...