SUDDEN SHUTTERS
San Antonio's only Saks Fifth Avenue to close after 30 years

San Antonians are saying goodbye to Saks Fifth Avenue.
After more than 30 years, Saks Fifth Avenue is packing up its designer handbags and leaving North Star Mall for good. The luxury retailer will shut its San Antonio doors by the end of May, one of 12 Saks locations closing nationwide as parent company Saks Global tries to dig out from bankruptcy.
The consolation prize: Neiman Marcus at the Shops at La Cantera isn't going anywhere. Saks Global says it's picking one anchor in select markets. 12 Saks and three Neiman Marcus stores didn’t make the cut.
"This strategic optimization is part of our ongoing transformation and rooted in our long-term view of our business," said Geoffroy van Raemdonck, Chief Executive Officer of Saks Global. "Our go-forward store portfolio will comprise the best performing and most desirable locations in markets with the highest concentration of luxury customers, enabling us to deepen loyalty and drive sustainable growth.”
It’s been a brutal few months for the high-fashion conglomerate. In January, Saks Global decided to purge most of the U.S. locations of its off-price offshoot, Saks Off 5th, including the store at the Rim. The San Marcos location of Neiman Marcus’ Last Call was gutted, too.
Parent company Saks Global has been struggling to find its (Manolo Blahnik-clad) footing since filing for Chapter 11 bankruptcy protections on January 14. The conglomerate has been buckling under the strain of $2.5 billion in debt it acquired with the 2024 purchase of rival retailer Neiman Marcus.
No other Texas stores were affected by the latest round of closures. Once the San Antonio Saks closes, the state will only have one location in Houston. Neiman Marcus, born in Dallas, will have a much stronger footprint with seven stores. The press release did not mention whether there would be any clearance sales.

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