Planned Closures Mean Beverly Hills Will Be Home To LA's Only Neiman Marcus, Saks Stores

LOS ANGELES, CA — The Neiman Marcus location at Westfield Topanga is set to close amid financial difficulties for the store's parent company.

Saks Global on Friday announced it would close an additional 15 Saks Fifth Avenue and Neiman Marcus stores by the end of May. The company is moving through Chapter 11 bankruptcy proceedings.

With plans to close a total of 24 department stores by spring, that would leave the parent company with 13 Saks Fifth Avenue stores and 32 Neiman Marcus locations.

The closures mean there will be only one Saks location and one Neiman Marcus store in Los Angeles County, both in Beverly Hills.

Saks Global has been shrinking its business since it filed for Chapter 11 bankruptcy in January. Last month, it said it would wind down 14 standalone Fifth Avenue Club personal styling suites, keeping three.

It also shuttered home goods retailer Horchow.com, a business that Neiman Marcus acquired in the late 1980s. As of Feb. 19, shoppers have been redirected to the home category on NeimanMarcus.com.

Additionally, the company is closing down all but 12 of its Saks Off Fifth locations. The remaining outlets will serve primarily as a selling channel for residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman.

Patch staffer Megan VerHelst contributed reporting.