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As they say, it's the end of an era: Saks Off 5th, Saks Fifth Avenue's sister discount retailer, will officially close its shop at 125 East 57th Street on December 31.
The company recently announced that the closure—part of a larger plan affecting nine other U.S. stores—is an effort to “place greater attention on our high-performing and high-potential store locations.” The additional closures, set to begin in January 2026, include locations in Austin, Texas; Chicago, Illinois; East Hanover, New Jersey; Niagara Falls, New York; Pittsburgh, Pennsylvania; Philadelphia, Pennsylvania; Plymouth, Michigan; Washington, D.C.; and West Hartford, Connecticut.
To be extra clear: the main Saks Fifth Avenue flagship—a fashion mecca that has all but defined midtown Manhattan since first opening on site back in 1924—is not going anywhere. The changes only affect the company's clearance stores.
Lest you think more drastic shutterings are to-come, think again. “It is important to note that a restructuring is not being contemplated,“ the company said to The U.S. Sun in an official statement back in October, when bankruptcy rumors came to the surface. “Moreover, we are making strong progress to reduce outstanding payments, invest in our transformation and drive improved performance.”
What's to come? We're not sure but, clearly, we're going to have to get our discount shopping (and holiday gift purchasing sessions) in before the new year.