Saks Off 5th
Saks Off 5th is a Department Store concept with 12 stores in 12 shopping centers across 6 states. As of September 27, 2026 they opened 0 and closed 1 locations in the last 12 months, a net change of −1. Typical site: 15,000–40,000 SF. Across their fleet, locations have a median 10-minute drive-time population of 66,025 with a median household income of $94,343 and a median age of 41.
Stores
In 12 properties
Site Submittals
Coming soon
Competitive Intelligence
New in the last 3 months
Verified Contacts
Ready to connect
Recent activity
Dates shown here are when each event was detected. Actual event may have occurred up to 30 days earlier. Next digest sends Sunday.
New York City, NY · Closed Q3 2025 · Detected Oct 24, 2025
About Saks Off 5th
Saks Off 5th is the off-price division of Saks Global, a luxury retail powerhouse formed in late 2024 following the acquisition of Neiman Marcus Group by Hudson’s Bay Company (HBC). Entering 2026, the brand is in a state of significant strategic transition. Following the January 2026 resignation of CEO Marc Metrick, Executive Chairman Richard Baker has assumed the CEO role to navigate the company through a liquidity crisis and a potential Chapter 11 bankruptcy filing, rumored for early 2026. As part of a fleet "optimization" strategy, Saks Off 5th is currently executing the closure of approximately 9 to 10 underperforming stores (roughly 10% of its footprint) in markets including Chicago, Austin, and Washington D.C. For landlords and developers, Saks Off 5th remains a high-value destination for "Accessible Luxury," though 2026 dealings are characterized by heightened scrutiny of vendor payments and lease restructurings aimed at stabilizing the newly merged Saks-Neiman-Bergdorf ecosystem.
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