Saks Fifth Avenue and Neiman Marcus will close eight Saks Fifth Avenue stores and the Neiman Marcus Boston store during Chapter 11 bankruptcy restructuring. Locations in Philadelphia, Columbus, and Phoenix will be shuttered, leaving 25 Saks Fifth Avenue stores and 35 Neiman Marcus stores.

The stores set to close will remain open until the end of April. Saks Global will also wind down 14 personal styling suites and close Horchow.com, redirecting shoppers to NeimanMarcus.com for the full assortment.

Saks Global announced the initial phase of store closures across Neiman Marcus and Saks Fifth Avenue, targeting unprofitable locations. CEO Geoffroy van Raemdonck stated plans to reinforce luxury destinations with a seamless multichannel shopping experience.

Following last month’s announcement of Saks Off 5th closures, Saks Global will close all but 12 stores, serving primarily as a selling channel for residual inventory. Last Call stores, serving as a discount channel for Neiman Marcus, will also be shuttered.

Saks Global filed for Chapter 11 reorganization, citing rising competition and debt from acquiring Neiman Marcus. The company secured $500 million of a $1.75 billion financial package to pay suppliers, critical for maintaining merchandise in stores.

Read more at Yahoo Finance: Saks Global to close 8 Saks Fifth Avenue stores and 1 Neiman Marcus store in restructuring