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Luxury retail brick-and-mortar stores continue to crumble. Saks 5th Avenue parent company Saks Global announced Thursday that it will be shuttering all but 12 of its Saks OFF 5TH locations nationwide.
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, is closing most of its Saks Off 5th and Neiman Marcus Last Call locations, including several here in Florida. The company said it will also wind down the saksoff5th.
Saks Off 5th will start going-out-of-business sales on Jan. 31, including its Shrewsbury, Elizabeth and Bridgewater stores.
Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, is closing most of its Saks Off 5th and Neiman Marcus Last Call locations, including several here in Maryland. The company said it will also wind down the saksoff5th.