{"id":37203,"date":"2025-11-12T16:13:07","date_gmt":"2025-11-12T16:13:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/37203\/"},"modified":"2025-11-12T16:13:07","modified_gmt":"2025-11-12T16:13:07","slug":"saks-off-fifth-closes-its-flagship-nyc-store-and-other-locations-across-america","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/37203\/","title":{"rendered":"Saks Off Fifth closes its flagship NYC store and other locations across America"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">It\u2019s the end of an era for Saks Off Fifth.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The discount sister brand of Saks <a href=\"https:\/\/www.yahoo.com\/lifestyle\/woman-shares-bizarre-reason-why-192358334.html\" data-ylk=\"slk:Fifth Avenue;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">Fifth Avenue<\/a> will shutter nine additional U.S. stores to concentrate on higher-performing locations, following the earlier announcement that its New York City <a href=\"https:\/\/www.independent.co.uk\/topic\/store\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:store;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">store<\/a> would also close.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Closures, which will begin in January, include Austin, Chicago, Washington DC, Philadelphia\u2019s Franklin Mall (formerly Philadelphia Mills), Pittsburgh North (McKnight Road), Plymouth Meeting, East Hanover, Niagara Falls, and West Hartford.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Meanwhile, the <a href=\"https:\/\/www.independent.co.uk\/topic\/flagship\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:flagship;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">flagship<\/a> Saks Off 5th location on the Upper East Side in <a href=\"https:\/\/www.independent.co.uk\/topic\/nyc\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:NYC;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">NYC<\/a>, located at 125 E 57th Street, will permanently close on December 31.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The <a href=\"https:\/\/www.independent.co.uk\/topic\/company\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:company;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">company<\/a> told <a href=\"https:\/\/www.usatoday.com\/story\/money\/2025\/11\/06\/saks-off-5th-closing-stores\/87130773007\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:USA Today;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">USA Today <\/a>that the closures are part of an effort to \u201coptimize&#8221; its store presence, \u201cenabling us to place greater attention to our high-performing and high-potential store locations, and refinements across our store footprint.\u201d<\/p>\n<p><img alt=\"Nine Saks Off Fifth locations, including Austin, Chicago, DC and Philadelphia\u2019s Franklin Mall, will close starting in January (Getty Images)\" loading=\"lazy\" width=\"960\" height=\"640\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-lg\" style=\"color:transparent\" src=\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/11\/ac7c3b3a9e39e3a49a9ba63985fd8864.jpeg\"\/><\/p>\n<p>Nine Saks Off Fifth locations, including Austin, Chicago, DC and Philadelphia\u2019s Franklin Mall, will close starting in January (Getty Images)<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cWe 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,\u201d a company spokesperson said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The Independent has contacted Saks Off 5th for further comment.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Despite rumors of bankruptcy, Saks Global is not filing for Chapter 11, a spokesperson confirmed to <a href=\"https:\/\/www.the-sun.com\/money\/15392260\/saks-fifth-avenue-addresses-bankruptcy-rumors\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:The US Sun;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">The US Sun <\/a>in October.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cIt is important to note that a restructuring is not being contemplated,\u201d they said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">\u201cMoreover, we are making strong progress to reduce outstanding payments, invest in our transformation and drive improved performance.\u201d<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Saks Off 5th has around 100 stores in the U.S. and Canada. It began as Saks Clearinghouse in Franklin Mills, Pennsylvania, and launched a website in 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s the end of an era for Saks Off Fifth. The discount sister brand of Saks Fifth Avenue&hellip;\n","protected":false},"author":2,"featured_media":37204,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[5877,8287,21677,9,56,63,65,64,21676,21678,21675],"class_list":{"0":"post-37203","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-austin","9":"tag-chicago","10":"tag-franklin-mall","11":"tag-new-york","12":"tag-ny","13":"tag-nyc","14":"tag-nyc-headlines","15":"tag-nyc-news","16":"tag-philadelphia-mills","17":"tag-pittsburgh-north","18":"tag-saks-off-fifth"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/37203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=37203"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/37203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/37204"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=37203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=37203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=37203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}