Overview
- The retailer confirmed nine U.S. closures covering Austin, Chicago, Washington, D.C., Philadelphia’s Franklin Mall, Pittsburgh North (McKnight Road), Plymouth Meeting, East Hanover, Niagara Falls and West Hartford.
- Most locations are slated to close starting in January 2026, while the Upper East Side New York City store at 125 E 57th Street will close on December 31.
- Saks Off 5th says the move will let it focus on high‑performing and high‑potential sites and refine its overall store footprint.
- Saks Global has denied rumors of a Chapter 11 filing, saying a restructuring is not being contemplated.
- The off‑price chain operates roughly 100 stores in the U.S. and Canada, and reporters note the pullback follows other recent store reductions by national chains.