Neiman Marcus White Plains Store to Remain Open After Productive Talks with Landlord
WHITE PLAINS—Less than three weeks after it announced that it would shutter its Neiman Marcus store in White Plains, parent company Saks Global Enterprises LLC reportedly has changed course and will keep the store at The Westchester mall open.
A number of local media outlets report that a Saks Global spokesperson has confirmed that the company has reversed its decision announced on March 6 that the White Plains store would close in the coming months. Saks Global, which filed for bankruptcy protection in January 2026, has been having cash flow problems since its acquisition of Neiman Marcus in 2024. Although no firm store closure date was released, several published reports indicated the White Plains Neiman Marcus was expected to shut its doors for good sometime in May.
“We are pleased to share that our Neiman Marcus Westchester store will remain open following recent productive conversations with our landlords and further evaluation,” a Saks Global spokesperson said on Monday, March 23, according to the Journal News. “Our approach to optimizing our footprint remains centered on ensuring we focus our presence in markets with a high concentration of luxury shoppers where we can operate at an attractive level of profitability. We look forward to continuing to serve customers in the Westchester community.”
On March 16, Saks Global Enterprises LLC announced that it has secured access to an additional $300 million of the $1.75 billion in committed capital following approval of its five-year business plan by an ad hoc group of the company's senior secured bondholders and the achievement of other key milestones. This final tranche completes the pre-emergence financing package, providing Saks Global with sufficient liquidity to continue to support operations and advance its transformation as it focuses on serving luxury customers, strengthening brand partner relationships and driving full-price selling, the company stated.
“We have made significant progress over the past two months as we work to position Saks Global for the future, quickly stabilizing our business, improving inventory flow and investing in our transformation,” said Geoffroy van Raemdonck, CEO of Saks Global. “With continued strong support from our capital partners, we are laying the path to realize the combined full potential of our three banners, achieve double-digit adjusted EBITDA margin and drive profitable and sustainable growth.”
In connection with the company’s reorganization, News 12 Westchester reports that the Saks Off Fifth store in Eastchester is closing by the end of the month while the Saks Off Fifth store in Greenburgh has already closed. The Saks Off Fifth at Woodbury Commons will remain open.
