\t\t\t\t\t\t\tThis upscale discount retailer has announced plans for nationwide store closures, including one right here in San Antonio at The Rim.<\/p>\n
Latest update<\/p>\n
Saks Global<\/a>, the parent company of Saks OFF 5th<\/a> clothing stores, announced plans to close the majority of its retail locations in a Jan. 29 news release.<\/p>\n The Saks OFF 5th location at 5819 Worth Parkway at The Rim in San Antonio began a closing sale on Jan. 31 and will permanently close once all inventory is liquidated.<\/p>\n “As we advance on Saks Global’s transformation, we are taking decisive steps to realign our business to better serve our luxury customers and drive full-price selling across our core luxury businesses,” Geoffroy van Raemdonck, the CEO of Saks Global, said in the release.<\/p>\n Approximately 23 stores officially closed for good on Feb. 2, including locations in Dallas and Grand Prairie.<\/p>\n On the other hand, 12 stores across the United States will remain open, with one in Grapevine to be the sole Texas location moving forward, according to the release.<\/p>\n The context<\/p>\n Saks OFF 5th offered a selection of discounted designer clothing, shoes and accessories. The business’s website<\/a> also listed beauty supplies and a selection of home decor and home goods.<\/p>\n