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 reorganization
ByThe Associated Press
January 30, 2026, 9: 07 AM
NEW YORK — The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its iconic department stores and raise money to pay off its debts during its Chapter 11 bankuptcy reorganization.
Saks Global operates 70 Saks Off 5th locations and plans to shutter all but 12 stores, the company said Thursday. The remaining outlets will serve primarily as a selling channel for residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, it said.
The company will close the remaining five Last Call stores, which are outlet locations that serve as a discount channel for Neiman Marcus.
Saks Global also said it will wind down Saksoff5th.com, a separate legal entity from Saks Global. Consequently,