Saks Off 5th, Last Call Stores to Close Amid Bankruptcy

Luxury retailer Saks Global refocuses on high-end brands, shuttering discount chains

Jan. 31, 2026 at 1:15pm

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Saks Global, the parent company of luxury brands like Saks Fifth Avenue and Neiman Marcus, has announced it will close the majority of its Saks Off 5th and Last Call discount retail locations as part of a strategic decision to focus on its core luxury customers and brand partners. This news comes on the heels of the company filing for Chapter 11 bankruptcy protection earlier this month.

Why it matters

The closure of these discount chains signals a shift in Saks Global's business strategy, prioritizing its high-end luxury brands over its lower-priced off-price retail concepts. This move reflects broader industry trends as luxury retailers aim to protect their premium brand image and maintain exclusivity.

The details

Saks Global will be closing all remaining Last Call stores and the majority of its Saks Off 5th locations, including the Columbus, Ohio store at Easton Town Center. The company cited its $2.7 billion merger with Neiman Marcus in 2024 as a contributing factor to its financial struggles. Saks Global will keep a dozen Saks Off 5th stores open as part of its refocused luxury-centric strategy.

  • Saks Global filed for Chapter 11 bankruptcy protection earlier this month.
  • The company announced the closure plan on January 29, 2026.
  • The Columbus Saks Off 5th location is slated to close on February 2, 2026.

The players

Saks Global

The parent company of high-end retail brands like Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman.

Saks Off 5th

A discount retail chain owned by Saks Global, which is now being shuttered as part of the company's strategic shift.

Last Call

A discount retail chain owned by Saks Global, which is being completely closed down as part of the company's strategic shift.

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The takeaway

Saks Global's decision to close the majority of its discount retail chains and refocus on its luxury brands reflects the broader industry trend of luxury retailers seeking to protect their premium image and maintain exclusivity. This move highlights the challenges facing off-price retail concepts as the luxury sector aims to cater to its core high-end customer base.