Overview
- Closing sales start Jan. 31 at 34 Saks Off 5th stores, with 23 additional locations set to close on Feb. 2, leaving 12 Off 5th stores operating.
- All five Last Call outlets will close, and the remaining Off 5th stores will shift to selling residual inventory rather than buying merchandise directly.
- Saksoff5th.com, a separate legal entity, has begun a wind‑down with online closing sales that launched Jan. 30.
- Saks says the shutdowns are subject to bankruptcy‑court approvals as it draws an initial $500 million from a $1.75 billion financing package, with Amazon’s objections slated for a mid‑February hearing.
- Gift cards are accepted in stores through Feb. 14 and online through Feb. 13, while Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman continue to operate normally.