Saks Fifth Avenue plans to consolidate in Greenwich from three stores to one.
A spokesperson for Saks Global —the parent company of Saks Fifth Avenue and Neiman Marcus — on Wednesday said, “Saks Global has made the strategic decision to consolidate our Saks Fifth Avenue Greenwich presence to create a more cohesive shopping experience for our Greenwich customers. This planned consolidation, unrelated to the company’s chapter 11 process, is intended to centralize our Greenwich offering under one roof, enabling us to deliver a more streamlined and convenient shopping experience. We remain committed to serving the Greenwich community through our main Saks Fifth Avenue store location.”
Saks women’s shoes at 20 East Elm St. May 13, 2026 Photo: Leslie Yager
Saks women’s shoes at 20 East Elm St. May 13, 2026 Photo: Leslie Yager
Saks at 200 Greenwich Ave. May 13, 2026 Photo: Leslie Yager
Saks at 200 Greenwich Ave. May 13, 2026 Photo: Leslie Yager
Saks Fifth Avenue at 205 Greenwich Avenue. May 13, 2026 Photo: Leslie Yager
Saks Global spokesperson said the standalone men’s store in the Greenwich location will close effective May 16, 2026.
“We look forward to serving our men’s customers at our nearby Neiman Marcus Westchester store and online,” the spokesperson said.
Women’s shoes will relocate into the main Saks Fifth Avenue Greenwich store in June.
This is a planned strategic consolidation, not a broader market exit. This decision has been planned and is not related to the company’s chapter 11 process.
Saks Global filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas on Jan 14, 2026 to restructure roughly $3.4 billion in debt.
According to Forbes, the company had debt struggles and sliding sales just a year after the two luxury department stores – Saks Fifth Avenue and Neiman Marcus – completed a $2.7 billion merger.