Another One Bites the Dust: Saks Off 5th to Close Nine Stores Across the US
It’s a sad day for savvy shoppers and the end of an era, some might say. Saks Off 5th, the off-price department store and sister brand to Saks Fifth Avenue, is closing nine stores across the United States, including several locations in the tri-state area.
In an effort to “place greater attention to our high-performing and high-potential store locations,” the company has decided to shutter stores in Austin, Texas; Chicago; Washington, D.C.; Franklin Mall in Philadelphia; Pittsburgh North (McKnight Road); Plymouth Meeting, Pennsylvania; East Hanover, New Jersey; Niagara Falls, New York; and West Hartford, Connecticut.
While these stores will remain open until the new year, the main Saks Off 5th store in New York City’s Upper East Side (125 E 57th Street) will officially close its doors on December 31.
When contacted for comment, Saks Off 5th stated, “We are confident this will better position the Saks Off 5th business for long-term success and look forward to continuing to deliver for our customers.”
Contrary to what many might assume, these closures do not signal bankruptcy. Last month, rumors circulated that Saks Global, the parent company, was potentially facing Chapter 11 bankruptcy. However, a spokesperson for the brand quickly dispelled these rumors: “It is important to note that a restructuring is not being contemplated. Moreover, we are making strong progress to reduce outstanding payments, invest in our transformation, and drive improved performance.”
As the retail industry continues to face challenges from declining foot traffic and unimpressive sales, Saks Off 5th joins a growing list of retailers closing locations. This past August, luxury retailer Nordstrom shut its Saint Louis Galleria store in St. Louis, Missouri, as well as a location in Santa Monica, California.
“We believe we’ll be best able to serve customers in each region by leveraging our surrounding stores and through our digital channels,” a Nordstrom spokesperson said in a statement.
The retail landscape is undoubtedly shifting, and Saks Off 5th’s strategic closures reflect a focus on adapting to changing consumer behaviors while positioning themselves for future success.
https://nypost.com/2025/11/11/lifestyle/saks-off-fifth-closing-9-stores-in-the-us/