Saks Global, the parent company of Saks Fifth Avenue and Neiman Marcus, is closing most of its Saks Off 5th and Neiman Marcus Last Call locations, including several here in Maryland.
The company said it will also wind down the saksoff5th.com website, a separate legal entity from Saks Global, with a sale beginning on Jan. 30.
Saks Global operates 70 Saks Off 5th locations and plans to shutter all but 12 stores, the company said Thursday. Two locations in Clarksburg and Arundel will be closing down for good. The remaining outlets will serve primarily as a selling channel for residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, it said…