Saks Off 5th to close two Las Vegas stores as part of nationwide downsizing

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Saks Off 5th, a discount luxury retailer, is closing two of its Las Vegas stores as part of a nationwide bankruptcy-driven downsizing. The stores at Town Square and North Premium Outlets will begin liquidation sales on January 31, with gift cards honored in-store through February 14 and online through February 13 as the company shifts back toward full-price luxury retail.

Why it matters

The closures of the Saks Off 5th locations in Las Vegas are part of a broader trend of discount retailers struggling to compete with online shopping and the shift back toward full-price luxury goods. This reflects the changing retail landscape in the city, as Las Vegas has seen the rise of big-box chains and the decline of some independent and discount stores.

The details

Saks Off 5th, owned by Hudson's Bay Company, is shuttering 132 stores across the country as it focuses on its full-price Saks Fifth Avenue brand. The two Las Vegas locations are among the stores set to close, with liquidation sales beginning on January 31. Customers will be able to use gift cards in-store through February 14 and online through February 13 as the company winds down operations at these locations.

• Saks Off 5th stores in Las Vegas will begin liquidation sales on January 31, 2026.
• Gift cards will be honored in-store through February 14, 2026 and online through February 13, 2026.