Saks Global has announced the closure of most Saks Off 5th physical stores and their e-commerce operations amid bankruptcy proceedings. A total of 57 physical locations will be shuttered, leaving just 12 stores operational. The closing process will commence on January 31, with the final closures taking place by February 2. Additionally, Neiman Marcus’s clearance outlet, Last Call, will also cease operations.
While this news is heartbreaking for many long-time customers, there are positive aspects related to returns and gift card usage. Saks Global has assured that returns and exchanges for items purchased prior to the closing sales will be handled according to standard policies. However, products bought from January 31 onward will be considered final sale. Gift cards will no longer be available for purchase, but existing cards can be used until February 14.
For loyal members of the Saks Off 5th and Last Call programs, new purchases will not earn rewards, but members can redeem existing rewards until March 1.
Despite the closures, shoppers can take advantage of significant discounts, with savings of up to 85% on various name-brand items. This presents a golden opportunity to snag deals on apparel, accessories, beauty products, and home essentials before the e-commerce site shuts down.
Valentine’s Day is just around the corner, and shoppers can find great savings on items like gold-plated huggie earrings, versatile button-down shirts, stylish jackets, cozy cashmere tops, and leather gloves. Additionally, sunglasses from Kate Spade New York are also being offered at substantial discounts, making it an ideal time to update wardrobes or pick up gifts.
Saks Off 5th, which was established in 1990, has been a beloved shopping destination for over three decades. As the brand transitions, this final clearance sale brings the bittersweet conclusion of an era for fans and patrons who have shown loyalty over the years. With the right planning and urgency, customers can capitalize on the last chance to save on high-quality items before the stores close for good.