PLANO, Texas — The Neiman Marcus store at The Shops at Willow Bend in Plano will close, Neiman Marcus' parent company, Saks Global, announced.

Saks Global, which also owns luxury retailer Saks Fifth Avenue, sold the Neiman Marcus property at Willow Bend to a developer that is working to transform and revitalize the mall, a spokesperson for Saks Global said in a statement.

The store will remain open until January 2027, the statement reads.

"The sale was a mutual decision that allows the developer to bring its vision for the area to life, building on the retail foundation with the introduction of new residential, dining and entertainment uses," the spokesperson said.

The sale also allows Saks Global to "strategically reinvest" in the company and drive growth for long-term success, the st

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