The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 bankruptcy restructuring.
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 Antonio, Texas. The stores will remain open until the end of May, a company spokesperson said.
