Jan 30, 2026 | 3:00 pm
Houston shoppers looking for the thrill of the deal might want to mark their calendar. Discount designer retailer Saks Off 5th is closing most of its U.S. stores, including three in the Houston area, as its parent company tries to wiggle its way out of bankruptcy. Liquidation sales will begin Saturday, January 31 at select locations.
The mass closures come after Saks Global — the parent company of luxury department stores Saks 5th Avenue, Bergdorf Goodman, and Neiman Marcus — filed for Chapter 11 bankruptcy protections on January 14. The conglomerate has been buckling under the strain of $2.5 million in debt it acquired with the 2024 purchase of rival retailer Neiman Marcus.
“As we advance on Saks Global’s transformation, we are taking decisive steps to realign our business to better serve our luxury customers and drive full-price selling across our core luxury businesses,” said Geoffroy van Raemdonck, Chief Executive Officer of Saks Global, in a release. “With these actions, we will be well positioned to seize the greatest opportunities for long-term growth and value creation. We sincerely thank our Saks Off 5th and Last Call colleagues for the important role they have played in serving our loyal customers.”…