Companies Closing Locations Through 2026

Saks OFF 5TH, the off-price discount chain affiliated with luxury retailer Saks Fifth Avenue, is closing approximately 57 of its U.S. stores as part of a Chapter 11 bankruptcy restructuring by parent company Saks Global. Only about 12 locations will remain open to sell residual inventory.

Company leaders say the closures and liquidation sales are meant to streamline operations and focus resources on full-price luxury brands like Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman. The restructuring follows mounting debt tied to a costly acquisition of Neiman Marcus.