Saks Fifth Avenue Closing at The Summit This Spring

Luxury retailer Saks Global is shuttering eight Saks Fifth Avenue stores across the country, including its only Alabama location.

Published on Feb. 10, 2026

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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 in Birmingham. The selected stores will remain open until the end of April.

Why it matters

Saks Fifth Avenue has been an integral part of The Summit shopping complex since it opened in 2001, serving as a major anchor tenant and drawing luxury shoppers to the Birmingham area. Its closure is a significant loss for the local retail landscape.

The details

As part of its 'optimization' pivot after filing for Chapter 11 bankruptcy in January 2026, Saks Global is shuttering one Neiman Marcus and eight Saks Fifth Avenue stores across the country, including locations in Columbus, Ohio; East Rutherford, New Jersey; New Orleans, Louisiana; Philadelphia, Pennsylvania; Phoenix, Arizona; Richmond, Virginia; and Tulsa, Oklahoma, in addition to the Birmingham, Alabama store.

  • Saks Global filed for Chapter 11 bankruptcy in January 2026.
  • The selected Saks Fifth Avenue stores, including the Birmingham location, will remain open until the end of April 2026.

The players

Saks Global

The parent company of both Saks Fifth Avenue and Neiman Marcus, which filed for Chapter 11 bankruptcy in early 2026.

Saks Fifth Avenue

A luxury retailer that has operated a store at The Summit shopping complex in Birmingham, Alabama since 2001.

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The takeaway

The closure of Saks Fifth Avenue's only Alabama location at The Summit is a significant loss for the Birmingham retail landscape, as the luxury retailer has been an integral part of the shopping complex since 2001. This move is part of a broader optimization strategy by Saks Global following its bankruptcy filing, as the company looks to restructure its debt and focus on its most profitable locations.