Anchor Store In The Westchester Saved After Sax Global Reverses Course

WHITE PLAINS, NY — The parent company of Neiman Marcus has reversed course, and will not close its store in The Westchester.

"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 told Patch in a statement. "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."

Earlier this month, the company announced that it plans to close an additional 15 locations, including the only Neiman Marcus in Westchester County.

The store in The Westhchester had been slated to close by the end of May as the retail giant moves through Chapter 11 bankruptcy proceedings, a company spokesperson said.

The announcement came just weeks after Saks Global said it was closing nine locations, including eight Saks Fifth Avenue stores and one Neiman Marcus store.

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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.

In addition, 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.