Saks Fifth Avenue closing at The Summit this spring

Following its bankruptcy filing in early 2026, luxury retailer Saks Global is closing eight Saks Fifth Avenue stores across the country—including its only Alabama location at The Summit.

Saks Fifth Avenue closing at The Summit

In January 2026, Saks Global—the parent company of both Saks Fifth Avenue and Neiman Marcus—filed for Chapter 11 bankruptcy to restructure its debt. As part of its “optimization” pivot, the company is closing one Neiman Marcus and eight Saks Fifth Avenue stores across the country, including:

• Saks Fifth Avenue
  • The Summit (Birmingham, AL)
  • Polaris Fashion Place (Columbus, OH)
  • American Dream (East Rutherford, N.J.)
  • Shops at Canal Place (New Orleans, LA)
  • Bala Plaza (Philadelphia, PA)
  • Biltmore Fashion Park (Phoenix, AZ)
  • Stony Point Fashion Park (Richmond, VA)
  • Utica Square (Tulsa, OK)
• Neiman Marcus
  • Copley Place (Boston, MA)

According to a press release, the selected stores will remain open until the end of April.

Located at 129 Summit Blvd at The Summit, Birmingham’s Saks Fifth Avenue is the retailer’s only location in Alabama and has been open since 2001.

Sad to see Saks Fifth Avenue leave Alabama? Planning to stop by before the retailer closes in April? Tag us @bhamnow to let us know!