March 6 (Reuters) - Saks Global said on Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations.

The company has largely completed the process of shutting down underperforming stores with Friday's announcement, but was still working with some landlords to finalize its store count after weak sales led to the company defaulting on vendor payments and losing out on inventory as brands stopped shipping products last year, it said.

* The company is closing 12 Saks Fifth Avenue stores andthree Neiman Marcus locations. * The restructuring does not affect its portfolio of twoBergdorf Goodman stores in New York. * Saks said its inventory flow has improved with more than500 brands resuming shipping and releasing nearly $1.3 billionin retail receipts. * On February 20, a U.S. bankruptcy judge gave finalapproval to Saks Global's bankruptcy financing, which provided$1 billion in new funding to the company. * The company resolved concerns from vendors such as Chanel,Dolce & Gabbana, LVMH, as well as landlords and Amazon.com aboutgetting paid for goods shipped to the retailer before it wentbankrupt. * Saks filed for bankruptcy with $3.4 billion in debt justabout a year after a deal intended to create a luxury?powerhouse brought Saks Fifth Avenue, Bergdorf Goodman andNeiman Marcus under the same roof. * Saks had shut most of its Saks OFF Fifth retail locationsand remaining Neiman Marcus Last Call stores in an earlier roundof closures.

(Reporting by Juveria Tabassum in Bengaluru; Editing by Sahal Muhammed)