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Saks Off 5th shutters NYC flagship, 9 more stores
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Saks Off 5th shutters NYC flagship, 9 more stores
It’s been a rough stretch for brick-and-mortar retail, and now Saks Off 5th is taking another step back as parent company Saks Global grapples with mounting debt and vendor payment issues. In response, the discount chain is closing its New York City flagship at the end of December, and nine more stores across the country will follow early next year. The list of stores to be closed is spread out enough to feel like a pattern rather than a one-off…
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