Saks Off 5th Announces Closure of Nine Locations in 2026: Streamlining Strategy for Optimal Performance

Saks Off 5th Announces Closure of Nine Locations in 2026: Streamlining Strategy for Optimal Performance

Saks Off 5th, the discount sister brand of Saks 5th Avenue, has announced the closure of nine of its locations across the United States, starting in January 2026. This decision is part of the company's strategy to optimize profits by shutting down underperforming stores. With approximately 100 locations nationwide, the number will decrease to double digits in the next 90 days. The closures are aimed at streamlining the store footprint to enhance overall performance.

The list of locations set to close in January 2026 includes stores in various states. Luxury brands, including Saks Off 5th, are experiencing a three percent decline in consumer spending, possibly due to the increasing cost of luxury items. This trend is making luxury purchases more challenging for American consumers. In addition to the upcoming closures, Saks Off 5th had previously announced the closure of another New York location by the end of 2025. By the end of January 2026, a total of 10 Saks Off 5th locations will be shut down.

California has the highest number of Saks Off 5th locations with 13 stores, followed by Florida with 12 and New York with 9. The closures are part of the company's efforts to adapt to changing consumer trends and market conditions. Despite the closures, Saks Off 5th remains committed to providing quality products and services to its customers.