Saks to Shut Down Majority of Off 5th and Last Call Stores in El Paso

Saks Global has announced plans to close nearly 60 Off 5th locations and five Last Call stores as part of a strategic shift towards luxury retail following its recent bankruptcy filing. The closures, which will affect many discount outlets, are set to begin with closing sales starting January 30 for the website and January 31 for select stores. Only 12 Off 5th locations will remain operational, serving primarily as channels for leftover inventory from high-end brands. This decision comes amid a growing trend where luxury consumers prefer to buy directly from brands, impacting department stores like Saks. Customers should be aware that existing gift cards will only be valid until February 14 in-store and February 13 online.

Key Details: • Closing sales start January 30 for the Saks Off 5th website. • In-store closing sales begin January 31 for select Off 5th locations and all Last Call stores. • Remaining gift cards valid until February 14 in-store and February 13 online.