Saks Fifth Avenue is closing its only Triangle store. What to know
AI-generated summary reviewed by our newsroom.
- Saks Fifth Avenue will close its only Triangle store at Triangle Town Center.
- Closures follow Saks Global's recent store-optimization amid bankruptcy.
- This is the second department store to close at Triangle Town Center this year.
Saks Fifth Avenue is closing its only store in the Triangle.
The luxury department store will shut down its location at Raleigh’s Triangle Town Center, the company announced Friday, March 6.
Raleigh’s location, which is the retailer’s only store in North Carolina, was one of 12 Saks Fifth Avenue locations and three Neiman Marcus stores announced in the latest round of closures. In February, parent company Saks Global said it would close eight Saks Fifth Avenue stores and one Neiman Marcus location, amid bankruptcy.
“This strategic optimization is part of our ongoing transformation and rooted in our long-term view of our business,” Geoffroy van Raemdonck, CEO of Saks Global, said in the March 6 news release. “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.
“With a refined footprint, we are creating a stronger platform for our brand partners and an even more compelling customer experience as we focus on investing in the luxury experience, sharpening the differentiation of our coveted banners and fully leveraging our prime owned and other retail locations,” the CEO said.
No closing dates were shared in the announcement. The other 11 Saks Fifth Avenue stores closing are in Ohio, Maryland, Illinois, California, Nevada, New York, Texas, Florida, Missouri and Virginia.
Saks Global has “largely completed the optimization of its footprint,” according to the news release, but is still in discussions with landlords as it makes final decisions about which stores it will close. No Bergdorf Goodman stores will be affected.
What this means for Triangle shoppers
The Sakes Global announcement comes months after Macy’s said it would close its Triangle Town Center store. Macy’s still has stores at Crabtree and The Streets at Southpoint.
Triangle Town Center will be left with Dillard’s and Belk as anchor tenants.
The shutdown of the Raleigh location, at 7700 Old Wake Forest Road, has some impacts for local customers:
- Shoppers can’t purchase gift cards at the Raleigh store. The store will accept gift cards for 15 days after the closing sale begins.
- Returns and exchanges for merchandise purchased before the start of the closing sale will be accepted. Returns and exchanges for merchandise purchased after the start of the closing sale will not be accepted.
- SaksFirst credit cards will be accepted for purchases at Saks Fifth Avenue stores. Purchases will continue to earn SaksFirst points under current program rules.
- In-store payments for SaksFirst credit card balances won’t be accepted.
- In-store applications for SaksFirst credit cards will not be accepted.
- SaksFirst gift cards can be redeemed in store for 15 days after the store closing sale begins. The gift cards will also be accepted at non-closing Saks Fifth Avenue stores and at saksfifthavenue.com.
This story was originally published March 9, 2026 at 9:25 AM with the headline "Saks Fifth Avenue is closing its only Triangle store. What to know."
