Companies

Saks Global to Close Nearly 60 Off 5th Stores Amid Chapter 11

The company said it will focus on luxury retail and full-price sales across its portfolio.
Saks Global to Close Nearly 60 Off 5th Stores Amid Chapter 11
A general view of a Saks Fifth Avenue store in Deer Park, N.Y., in this file photo. Bruce Bennett/Getty Images
Mary Prenon
Mary Prenon
Freelance Reporter
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Saks Global is ending its discounted designer clothing, shoes, and accessories.

In a Jan. 29 company statement, the retailer said it plans to close most of its 70 Saks Off 5th locations and its five remaining Last Call stores. The New York City-based luxury retailer said closing sales will begin at some locations on Jan. 31 and at others on Feb. 2.
Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.