Saks Global Enterprises said Tuesday it will close nine stores as it shifts its focus to more profitable locations.

The company said eight Saks Fifth Avenue locations and will close one Neiman Marcus store.

“By optimizing our operational footprint, we will be better positioned to deliver exceptional products, elevated experiences and highly personalized service across all channels, while positioning our company to make investments that enable long-term growth and value creation,” Geoffroy van Raemdonck, CEO of Saks Global Enterprises, said in a statement.

Shoppers leave a Saks Fifth Avenue store on December 30, 2025 in Chicago. (Scott Olson/Getty Images)

SAKS GLOBAL FILES BANKRUPTCY AFTER $2.7 BILLION NEIMAN MARCUS ACQUISITION DEAL

Saks Global Enterprises filed for Chapter 11 bankruptcy protection in mid-January in the U.S. Bankruptcy Court for the Southern District of Texas after missing a $100 million interest payment in December, adding to mounting debt obligations.

Saks will ask a U.S. bankruptcy judge to approve the nine store closings at a court hearing Friday, the company said in a court document filed Tuesday.

Following the filing, Saks Global announced that it secured a financing commitment of approximately $1.75 billion backed by secured bondholders and asset-based lenders to support operations during the restructuring.

Holiday shoppers walk past the Saks Fifth Avenue flagship store in Manhattan in New York City on December 5, 2023. (Reuters/Mike Segar/File Photo/Reuters Photos)

CONSUMER CONFIDENCE DOWN TO LOWEST LEVEL IN MORE THAN A DECADE

Saks Global announced last month that most Saks Off 5th locations in the U.S. would close, just weeks after filing for bankruptcy.

The luxury retailer closed 23 of its Saks Off 5th stores on Feb. 2, while another 34 celebrated close of sales from the end of January. Only 12 locations in New York, Florida, New Jersey, Georgia, California and Texas will remain open.

MOST JOINS 5TH LOCATIONS NATIONWIDE TO CLOSE AMID BANKRUPTCY PROCEEDINGS

Shoppers enter the Saks Fifth Avenue store on Fifth Avenue in New York on November 27, 2020. (Gabriela Bhaskar/Bloomberg via Getty Images/Getty Images)

Here are which Saks Fifth Avenue stores are closing:

The Summit – Birmingham, Alabama

Polaris Fashion Place – Columbus, Ohio

American Dream – East Rutherford, New Jersey

Shops at Canal Place – New Orleans, Louisiana

Bala Plaza – Philadelphia, Pennsylvania

Biltmore Fashion Park – Phoenix, Arizona

Stony Point Fashion Park – Richmond, Virginia

Utica Square – Tulsa, Oklahoma

Here’s the closing Neiman Marcus store:

Copley Place – Boston, Massachusetts

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Greg Norman of FOX Business and Reuters contributed to this report.