Saks Fifth Avenue Shutters New Jersey Store at American Dream Mall

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Saks Fifth Avenue is closing its store at the American Dream Mall in East Rutherford, New Jersey, just months after opening. This closure is part of a wider round of shutdowns, with Saks Global also announcing the closure of seven other Saks Fifth Avenue locations across the U.S. and the shutdown of its Horchow luxury furniture and home decor brand.

Why it matters

The Saks closure is the latest sign of the ongoing challenges facing traditional brick-and-mortar department stores as consumer shopping habits continue to shift towards online retail. This move by Saks reflects broader industry trends that have seen the decline of once-dominant names like Sears, JCPenney, and Macy's.

The details

Saks Global cited 'factors such as performance and lease economics' as the reasons behind the decision to shutter the East Rutherford store, as well as the other closures. The company said the moves are part of broader 'strategic actions' aimed at enabling profitable and sustainable growth.

• On February 10, 2026, Saks Global announced the closure of its Saks Fifth Avenue store at the American Dream Mall in East Rutherford, New Jersey.
• The Saks Fifth Avenue closure is part of a wider round of shutdowns, with the company also announcing the closure of seven other Saks Fifth Avenue locations across the U.S. and the shutdown of its Horchow luxury furniture and home decor brand.
• The Horchow liquidation sale is expected to begin on February 21, 2026, with significant discounts.