US EditionSaks Global Plans to Shutter Off-Price Retail Locations
Saks Global will close 57 Saks Off 5th stores and all five Last Call outlets to reduce debt and focus on luxury full-price sales, with $400-$500 million in combined revenue affected.
- On Jan. 29, 2026, Saks Global announced it is winding down the majority of its off-price operations, closing 57 Saks OFF 5TH stores and shuttering all five Last Call locations.
- After acquiring Neiman Marcus Group in December 2024, Saks Global faced more than $2.5 billion of acquired debt and unpaid bills to vendors, forcing liquidation of Off 5th stores and e-commerce.
- Subject to court approval, Saturday, January 31, closing sales start at certain Saks OFF 5TH and all Last Call stores; 23 Saks OFF 5TH stores close Feb. 2, and Saksoff5th.com begins online wind-down Friday.
- Saks Global said, `As we advance on Saks Global's transformation, we are taking decisive steps to realign our business to better serve our luxury customers and drive full-price selling` while continuing to access $500 million of committed capital and shifting Saks OFF 5TH merchandising models.
- The downsizing opens opportunities for off-price rivals like Nordstrom Rack and T.J. Maxx, while Saks Global Properties & Investments represents nearly 13 million square feet of luxury real estate.
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The parent company of Saks Off 5th and Last Call will close most of its branches to focus on their luxury stores, after being declared bankrupt this month.
Saks Off 5th, Neiman Marcus Last Call stores to close amid bankruptcy
Three Saks Off 5th stores and one Neiman Marcus Last Call location in Dallas-Fort Worth will close as the ripple effects from parent company Saks Global's recent bankruptcy filing become clearer. Read on to find out if your local store is among the closures.
Saks Off 5th to close most stores following bankruptcy — as liquidation sales start Saturday
The discount chain is closing 57 stores -- the vast majority of its locations -- in the coming weeks as part of Saks Global's recent bankruptcy filing, the company said on Thursday.
Saks is closing dozens of Off 5th and Last Call locations. Here’s the full list.
As part of its restructuring, Saks will close the majority its outlet stores. effrey Greenberg/Education Images/Universal Images Group via Getty Images Saks Global is closing the majority of its off-price Saks Off 5th and Last Call stores. Earlier this month, Saks filed for bankruptcy after failing to pay vendors for over a year. The company says it is now focusing on the luxury sector. Saks Global, the bankrupt company behind Saks Fifth Avenue…
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