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Saks Off 5th, the discount sister brand of luxury department store Saks Fifth Avenue, plans to close nine stores in the United States starting early next year.
The retailer — which operates approximately 100 stores in the United States and Canada — will close stores beginning in January 2026 as part of a broader effort to “optimize” its in-store presence, a Saks Global spokesperson confirmed to FOX Business in an email.
“As part of our ongoing and comprehensive strategy, we have taken a critical look at our store footprint and will close some stores in early 2026,” the spokesperson said.
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A fifth Saks Off store is pictured in West Palm Beach, Florida. (Jeff Greenberg/Education Images/Universal Images Group via Getty Images)
Stores expected to close in Austin, Texas; Chicago, IL; East Hanover, New Jersey; Niagara Falls, New York; Pittsburgh North, Plymouth Meeting and Franklin Mall in Pennsylvania; Washington, DC; and West Hartford, CT.
The move will allow the retailer to “pay greater attention to our highest-performing, high-potential store locations, as well as improvements across our stores,” the spokesperson told FOX Business.
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A Saks Off 5th logo is displayed outside a store on August 2, 2025 in San Diego, California. (Kevin Carter/Getty Images)
“We are confident that this will better position Saks OFF 5TH’s business for long-term success and we look forward to continuing to meet our customers’ expectations,” the spokesperson added.
Saks Off 5th is also expected to close its 57th Street location in Manhattan in December, Crain’s New York Business previously reported.
In October, spending on luxury brands fell 3% year-over-year, Reuters reported, citing the latest U.S. credit card data provided by Citi.
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A woman shops at a Saks Off 5th department store. (Shannon Stapleton/Reuters)
This follows three months of improvement as the government shutdown weighed on consumer confidence.
Saks Off 5th is one of several retailers that have announced closures in recent years.
In January, Macy’s identified 66 stores it planned to close this year. A month later, JCPenney announced plans to close a “handful” of stores as it struggled to keep pace with rapidly changing market conditions.
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Daniella Genovese of FOX Business contributed to this report.
