As they say, it’s the end of an era: Saks Off 5th, Saks Fifth Avenue’s sister discount retailer, will officially close its shop at 125 East 57th Street on December 31.
The company recently announced that the closure—part of a larger plan affecting nine other U.S. stores—is an effort to “place greater attention on our high-performing and high-potential store locations.” The additional closures, set to begin in January 2026, include locations in Austin, Texas; Chicago, Illinois; East Hanover, New Jersey; Niagara Falls, New York; Pittsburgh, Pennsylvania; Philadelphia, Pennsylvania; Plymouth, Michigan; Washington, D.C.; and West Hartford, Connecticut.
To be extra clear: the main Saks Fifth Avenue flagship—a fashion mecca that has all but defined midtown Manhattan since first opening on site back in 1924—is not going anywhere. The changes only affect the company’s clearance stores…