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Saks Will Close Most Off 5th Stores With Big Clearance Sales

The bankrupt department store operator will focus instead on its luxury offerings at Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman chains.
Saks Off 5th
34 Saks Off 5th locations, including in Atlanta, Boston and Las Vegas, will have closing sales. (Shutterstock)

The parent company of Saks Off 5th will start to close nearly three dozen of the discounter’s stores this weekend, the company’s first big move as it aims to slash costs and emerge from bankruptcy proceedings as a profitable company.

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