NEW YORK, Feb 1, 2026, 04:18 (EST)
- Store listings reveal 34 Saks Off 5th locations already in closing sales, with 23 additional outlets slated to shut on Feb. 2; 12 stores will stay open
- Gift cards and rewards now come with new expiration dates; all purchases from closing sales are final and can’t be returned
- Analysts say pulling back from off-price is a move to safeguard full-price luxury sales, even as competitors continue to expand their outlet presence
Starting Saturday, dozens of Saks Off 5th stores kicked off going-out-of-business sales as parent company Saks Global scales back its discount operations amid bankruptcy proceedings. The company is also closing all remaining Neiman Marcus Last Call outlet…