Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
Last updated: 2026-02-02 17:27:14 ET
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Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations as it restructures its organization to focus on its iconic department stores and raise money to pay off its debts during its Chapter 11 reorganiza...
The news comes just two weeks after the parent company filed for bankruptcy. Only 12 off-price stores will remain open.
Saks Off 5th is closing the vast majority of its stores -- or 57 locations -- in the coming weeks, the company said.
Saks is closing dozens of Off 5th and Last Call locations. Here's the full list.