Discount chain is closing stores nationwide — but it’s not going bankrupt

A popular discount chain, best known for selling high-end designer and brand-name merchandise at marked-down prices, announced its closing some locations.
Beginning in January 2026, Saks Off 5th, the discount retailer of its sister store Saks Fifth Avenue, will shutter nine stores nationwide, the company announced in a statement to MassLive.
These closures are part of an effort to “optimize” its store presence, “enabling us to place greater attention to our high-performing and high-potential store locations, and refinements across our store footprint,” the company said.
“We are confident this will better position the Saks Off 5th business for long-term success and look forward to continuing to deliver for our customers,” Saks Inc. told MassLive.
The closures are happening in the following cities:
Following the closures there will be 70 Saks Off 5th store locations nationwide.
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