Saks Fifth Avenue Closes New Jersey Store at American Dream Mall

Iconic retailer shutters location just months after opening as part of broader closures across the U.S.

Published on Mar. 2, 2026

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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. The closure is part of a broader round of shutdowns, with Saks Global also announcing the closure of seven other Saks Fifth Avenue locations across the U.S. as well as the Neiman Marcus store in Boston and the shutdown of the Horchow luxury furniture and home decor brand.

Why it matters

The Saks closure is the latest sign of the changing retail landscape, with the decline of traditional department stores and the rise of online shopping. As iconic brands like Saks struggle to adapt, it raises questions about the future of brick-and-mortar retail and the fate of once-dominant names in American shopping.

The details

Saks Global cited 'factors such as performance and lease economics' as the reasons behind the closures, which are part of the company's broader 'strategic actions' aimed at enabling profitable and sustainable growth. The Saks closure at American Dream Mall comes just months after the store first opened at the massive East Rutherford complex.

  • On February 10, 2026, Saks Global announced the closure of its Saks Fifth Avenue store at American Dream Mall.
  • The Saks closures are part of a broader round of shutdowns, with the company also announcing the closure of seven other Saks Fifth Avenue locations across the U.S. as well as the Neiman Marcus store in Boston.
  • Horchow, Saks Global's luxury furniture and home decor brand, will also shut down operations, with a full liquidation sale expected to begin on February 21, 2026.

The players

Saks Global

The parent company of Saks Fifth Avenue, Neiman Marcus, and Horchow, which is undertaking a series of strategic closures across its retail brands.

American Dream Mall

A massive retail and entertainment complex located in East Rutherford, New Jersey, where Saks Fifth Avenue had opened a store just months prior to its closure.

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What’s next

The full liquidation sale for Horchow merchandise is expected to begin on February 21, 2026, offering significant discounts to shoppers.

The takeaway

The Saks closure at American Dream Mall is the latest example of the challenges facing traditional department stores as they struggle to adapt to the rise of online shopping and changing consumer habits. As iconic retail brands continue to downsize or disappear altogether, it raises questions about the future of brick-and-mortar retail and the fate of once-dominant names in American shopping.