"The company recently announced that the closure-part of a larger plan affecting nine other U.S. stores-is an effort to "place greater attention on our high-performing and high-potential store locations." The additional closures, set to begin in January 2026, include locations in Austin, Texas; Chicago, Illinois; East Hanover, New Jersey; Niagara Falls, New York; Pittsburgh, Pennsylvania; Philadelphia, Pennsylvania; Plymouth, Michigan; Washington, D.C.; and West Hartford, Connecticut."
"Lest you think more drastic shutterings are to-come, think again. "It is important to note that a restructuring is not being contemplated," the company said to The U.S. Sun in an official statement back in October, when bankruptcy rumors came to the surface. "Moreover, we are making strong progress to reduce outstanding payments, invest in our transformation and drive improved performance.""
Saks Off 5th will close its store at 125 East 57th Street on December 31 as part of a plan affecting ten U.S. locations. Additional closures, beginning January 2026, include Austin; Chicago; East Hanover, NJ; Niagara Falls, NY; Pittsburgh; Philadelphia; Plymouth, MI; Washington, D.C.; and West Hartford, CT. The main Saks Fifth Avenue flagship on 57th Street will remain open. The company states that restructuring is not being contemplated and that it is reducing outstanding payments, investing in transformation, and driving improved performance. Customers are advised to complete discount shopping and holiday purchases before year-end.
Read at Time Out New York
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