Saks Off 5th to close 9 stores starting January 2026

Saks Off fifth, the low cost sister model of luxurious division retailer Saks Fifth Avenue, plans to shut 9 U.S. shops early subsequent yr.

The retailer — which operates about 100 shops within the U.S. and Canada — will shut shops beginning in January 2026 as a part of a broader effort to “optimize” its retailer presence, a Saks World spokesperson confirmed in an e mail to FOX Enterprise.

“As a part of our ongoing and complete technique, we have now taken a crucial have a look at our retail footprint and can shut choose retail areas in early 2026,” the spokesperson mentioned.

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A Saks Off fifth retailer is pictured in West Palm Seashore, Florida. (Jeff Greenberg/Training Photographs/Common Photographs Group by way of Getty Photographs)

Shops are anticipated to shut in Austin, Texas; Chicago, IL; East Hanover, New Jersey; Niagara Falls, New York; Pittsburgh North, Plymouth Assembly and Franklin Mall in Pennsylvania; Washington, DC; and West Hartford, Connecticut.

The transfer will permit the retailer to “dedicate extra consideration to our high-performing and promising retailer areas, in addition to refinements to our retailer footprint,” the spokesperson instructed FOX Enterprise.

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A Saks Off fifth emblem is displayed outdoors a retailer in San Diego, California on August 2, 2025. (Kevin Carter/Getty Photographs)

“We imagine this can higher place Saks OFF 5TH’s enterprise for long-term success and stay up for persevering with to serve our prospects,” the spokesperson added.

Saks Off fifth can be anticipated to shut its 57th Avenue location in Manhattan in December. Crain’s New York Company beforehand reported.

In October, spending on luxurious manufacturers fell 3% year-on-year, Reuters reported, citing the newest U.S. bank card knowledge from Citi.

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A girl outlets at a Saks Off fifth division retailer. (Shannon Stapleton/Reuters)

This adopted three months of enchancment as the federal government shutdown weighed on shopper confidence.

Saks Off fifth is amongst numerous retailers which have introduced closures in recent times.

In January, Macy’s recognized 66 shops it deliberate to shut this yr. A month later, JCPenney introduced plans to shut a “handful” of shops because it struggled to maintain tempo with quickly altering market situations.

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FOX Enterprise’ Daniella Genovese contributed to this report.