What's Actually Changing at Park Shore Plaza This Year

Sometime last fall, bright yellow signs went up inside Kirkland's Home at Park Shore Plaza. "Everything Must Go." "All Sales Final." The kind of signage that makes anyone who shops there for candles and picture frames assume the store is finished. Residents who stopped going in after that, because why browse a store that's closing, would have missed something. Walk in today and the shelves are full again, just restocked under a different corporate parent.

Two hundred feet away, in the space that used to hold Saks Off 5th, the opposite happened. No confusion, no false alarm. That store is gone for good, and something entirely different is moving into its 27,000 square feet.

Same shopping center, same season of "everything must go" signage, two completely different outcomes. If you live near Park Shore Plaza and shop there the way most of the neighborhood does, for groceries, books, and the occasional home décor run, the distinction matters more than either headline on its own.

The Store That Advertised Its Own Closing Twice

Kirkland's has now closed in Naples four separate times since the late 1990s, when it first opened inside Coastland Center mall. It later moved across the street to Gateway Plaza, closed there in 2012, sat out of the market for nearly five years, then returned to Park Shore Plaza in 2017 in a corner of the space Big Kmart had vacated.

That 2017 return didn't last either. Kirkland's shut the store completely during the early months of the pandemic in 2020, cleared it out, and took its sign down. It reopened in the same 7,861-square-foot unit in 2022.

Then last fall, the same store announced another going-out-of-business sale, this one targeting a January 26, 2026 close, with discounts up to 30 percent on furniture, lamps, mirrors and holiday decor. Even the store's regional staff seemed caught off guard by the decision. A Kirkland's general manager at a sister store in Fort Myers, going through the identical closure notice, put it plainly: she was surprised the location was closing at all, since it had been performing well.

What actually happened next is the part that didn't make it onto the yellow signs. Bed Bath & Beyond Inc. had acquired Kirkland's Home's parent company the previous fall, with plans to rebrand the chain over the following year or so. The closure notices that went up in Naples were part of a broader, chain-wide cost reduction tied to that acquisition, not a signal that this particular store was shutting its doors. As of this year, the Park Shore Plaza location is still operating, restocked with new inventory under the new ownership structure. It's the second time this exact unit has staged a full liquidation event. Only the first one, in 2020, actually resulted in an empty storefront.

The One That Didn't Come Back

Saks Off 5th is a different story entirely, and there's no ambiguity in how it ends. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, filed for Chapter 11 bankruptcy in Houston on January 13, 2026, carrying between $1 billion and $10 billion in debt. The company secured $1.75 billion in financing to keep operating through restructuring, but that financing didn't save the discount arm. Off 5th shut all but 12 of its 50 locations nationwide, and the Park Shore Plaza store, which had operated there for a decade after opening in 2016, was one of six Off 5th closures across Florida.

The closing sale began January 30, with 25 percent off shoes and at least 20 percent off everything else, all sales final. SaksFirst gift cards stopped working at the store after February 18, though they remained valid at full-line Saks Fifth Avenue locations and online. For anyone who assumed this meant Saks was pulling out of Naples altogether, it's worth being precise about what actually closed: the discount outlet at Park Shore Plaza, not the Saks Fifth Avenue anchor a few miles north at Waterside Shops, which the company confirmed is continuing to operate as usual. Different store, different lease, different outcome.

Two Storylines, One Shopping Center

Who's Actually Moving In

The Saks Off 5th vacancy didn't sit empty for long. Brixmor, the New York-based landlord that owns Park Shore Plaza, confirmed that TJ Maxx will take over the 27,000-square-foot space between The Fresh Market and Barnes & Noble, with an opening anticipated in the first quarter of 2027. Sierra, TJX's off-price outdoor and activewear brand, is filling the 18,676-square-foot space between Burlington and Kirkland's that Party City vacated, with an opening targeted before the end of this year. Sierra currently has only one other Florida location, in Jacksonville, which makes this a notable addition for the trade area rather than a routine backfill.

Maria Pace, Brixmor's vice president of marketing, described the leasing pace as fast. Following the Off 5th closure, the company saw strong retailer interest and moved quickly to fill the space. With HomeGoods already anchoring one end of the center, the arrival of Sierra and TJ Maxx will give Park Shore Plaza three TJX-family stores under one roof, alongside Burlington, which is a separate off-price company. That's four discount retailers sharing a shopping center with a specialty grocer and a bookstore, a mix that says something about where this particular landlord thinks foot traffic is headed in a trade area with average household income above $230,000 within three miles.

The Smaller Moves

Not everything at the plaza involves national chains renegotiating leases. Juice Society, a juice bar and eatery founded by Kallie and Matt Isadore, opened at Park Shore Plaza on May 13. Elsewhere in the same shopping center, Uncle Julio's closed its Naples location this year as part of the chain's broader operational pullback nationally. Neither made the same headlines as Saks or Kirkland's, but they're part of the same pattern: a center in active turnover, not a center in decline.

Reading the Signs Next Time

The lesson from this stretch at Park Shore Plaza isn't that the center is struggling. Brixmor already put roughly $20 million into rebuilding and remerchandising the property once this decade, and the current wave of leasing activity, three TJX brands, a rebuilt Kirkland's, a new juice bar, reads more like a landlord doubling down on off-price and everyday retail than one managing a slow exit.

What it does teach is how to tell the difference between a store that's actually leaving and one that's just changing hands. A national bankruptcy filing, like Saks Global's, means the space is coming back on the market. A brand acquisition or corporate restructuring, like the one behind Kirkland's Home, can produce identical "everything must go" signage without the store ever actually leaving the building. Same yellow signs, same final-sale language, two different endings. For a shopping center that most of Park Shore, the Moorings and Pelican Bay pass through on a normal week, that's a useful thing to know before assuming your Sunday morning stop at The Fresh Market is about to lose its neighbors.

If you're weighing what a neighborhood like Park Shore actually offers day to day, beyond the headlines about any single store, the team at Krapf Group spends its time in these details because they shape how a place lives, not just how it shows on a map. Reach out when you'd like a longer conversation about what's changing here and what it means for you.