Saks Fifth Avenue to lay off 70 workers at MetLife-owned Beachwood Place Mall store amid bankruptcy reorganization

3/10/2026

|

Cleveland Business Journal

|

• Subcategory: Retail: Shopping

• Tag: Bankruptcy | Closing

• Additional Filters-Subcategory: Retail: Department Store, Retail: Mall

• Company: Saks Fifth Avenue (NYSE: SKS), MetLife Investment Management

Highlights
Saks Global Enterprises will permanently lay off 70 workers at Beachwood Place.
The Beachwood store closure occurs between May 6 and May 31 during bankruptcy reorganization.
Saks Global is closing 12 Saks Fifth Avenue stores and three Neiman Marcus locations.