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Saks Off 5th

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Saks OFF 5TH
FormerlySaks Fifth Avenue Off 5th (1990–2020)
Company typeSubsidiary
IndustryRetail
Founded1990; 36 years ago (1990)
Headquarters
New York City, New York
,
United States
Number of locations
100 (2023)
Area served
Template:Flat list
ParentTemplate:Plain list
Websitesaksoff5th.com

Saks OFF 5TH, previously known as Saks Fifth Avenue Off 5th, is a U.S.-based off-price department store chain established in 1990. It operates as a sibling brand to the upscale department store Saks Fifth Avenue. Both entities were initially under the ownership of holding company Saks, Inc. until their acquisition by the Canadian-founded Hudson's Bay Company in 2013. In 2024, they were separated into the newly formed entity, Saks Global. Saks Off 5th first expanded across the United States before entering the Canadian market in 2016. Its main competitors include off-price retailers such as Burlington, Macy's Backstage, Nordstrom Rack, Ross Dress for Less, and the TJX Companies.Template:Fix/category[citation needed]

As of October 24, 2023, Saks Off 5th maintains a network of 98 off-price department stores distributed among 22 U.S. states—Arizona, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Massachusetts, Maryland, Michigan, Minnesota, North Carolina, New Hampshire, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, South Carolina, Texas, and Virginia—as well as in Washington, D.C. Additionally, it operates four stores across Canadian provinces: Alberta, British Columbia, Manitoba, and Ontario.[1]

History

The inaugural Off 5th store was launched by Saks Fifth Avenue in 1990 as a clearance outlet. Ownership remained with Saks Fifth Avenue until both brands were acquired by the Canadian retail conglomerate Hudson's Bay Company (HBC) in 2013. Following this acquisition, Saks Off 5th operated alongside HBC’s flagship Canadian department stores.[2][3]

In 2017, Saks Off 5th ventured into European markets by opening one store in Germany and two locations in the Netherlands.[4][5] Despite this expansion effort, all eight German outlets and two Dutch locations were closed by 2019 when HBC exited the Netherlands market.[6][7]

In February of 2020, HBC appointed Paige Thomas—formerly an executive at Nordstrom Rack—as president of Saks Off 5th.[2][3]

Following Hudson's Bay’s bankruptcy and subsequent collapse in early March of 2025, it was declared that HBC would proceed with liquidation of two out of three Canadian Saks Fifth Avenue stores along with all thirteen Canadian Saks Off 5th locations. The liquidation sales were scheduled to commence within a week of the announcement and all affected stores are expected to close permanently by June of that year.[8]

Brand identity

Gallery

References

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  3. ↑ 3.0 3.1 Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  4. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
  5. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
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  8. ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).

External links

Template:Department stores in the United States Template:Hudson's Bay Trading Company, L.P.

Template:US-retail-company-stub

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