Overview
- Saks Fifth Avenue's Union Square location, operating since 1997, will permanently close on May 10, 2025, as part of Saks Global's integration strategy.
- The company emphasized there are no plans to consolidate with Neiman Marcus, despite shared ownership under Saks Global.
- Union Square employees will be offered opportunities to transfer to Neiman Marcus locations or accept severance packages.
- This closure leaves only three Saks Fifth Avenue stores remaining in California: Beverly Hills, Costa Mesa, and Palm Desert.
- New retailers, including a Nintendo store opening next month and a Zara flagship in 2026, aim to revitalize Union Square following recent high-profile closures.