Saks OFF 5TH
Saks OFF 5TH is a US off-price luxury retail chain, founded in 1990, that sold discounted designer fashion through ~70 stores and an e-commerce platform. Following parent Saks Global's January 2026 bankruptcy, it closed most stores and now operates ~12 clearance hubs.
- Company typePrivate
- Founded1990
- HeadquartersNew York, United States
- Headcount5,001–10,000
- GTM typeB2C
- OfferingServices
What Saks OFF 5TH does
Saks OFF 5TH is a US-based off-price luxury retail chain founded in 1990, headquartered in New York and operating as a subsidiary of Saks Global (now rebranded as Exemplar Luxury Group following the parent's June 2026 emergence from Chapter 11 bankruptcy). The company historically offered discounted access to Saks Fifth Avenue and other luxury designer brands through approximately 70 physical outlet stores nationwide and a direct e-commerce platform at saksoff5th.com. Its customer base was value-conscious luxury consumers seeking authentic designer merchandise at below-retail prices, and the business model functioned as an inventory outlet channel for the parent's full-price department store operations.
The product offering consisted of off-price apparel, accessories, and home goods sourced through opportunistic luxury inventory purchases. The operational footprint combined physical storefronts with a national e-commerce platform, supported by 10,000+ employees. Following Saks Global's January 14, 2026 Chapter 11 filing and the subsequent wind-down announcement on January 29, 2026, Saks OFF 5TH closed 57 of its 69 stores, shut down the e-commerce platform, and retained only approximately 12 stores operating as clearance hubs for residual inventory. The company was projected to lose $139 million in fiscal year 2025 prior to restructuring.
Post-emergence from bankruptcy on June 26, 2026 under the Exemplar Luxury Group identity, Saks OFF 5TH functions as a diminished residual-inventory liquidation channel rather than a growth-oriented retail operation. The parent's strategic focus has shifted toward full-price luxury through Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, with $500 million in new financing and board representation from Pentwater Capital Management and Bracebridge Capital supporting the restructured entity.
Saks OFF 5TH firmographics
Firmographics- Name
- Saks OFF 5TH
- Legal name
- Saks OFF 5TH
- Website
- https://saksoff5th.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Saks OFF 5TH is a US off-price luxury retail chain, founded in 1990, that sold discounted designer fashion through ~70 stores and an e-commerce platform. Following parent Saks Global's January 2026 bankruptcy, it closed most stores and now operates ~12 clearance hubs.
- Ownership category
- akta.pro rank
Saks OFF 5TH industry classification
Industry- Product category
- Off-Price Luxury Fashion Retail
- NAICS
- Jewelry Retailers (458310), Shoe Retailers (4582)
- SIC
- Retail-Nonstore Retailers (5960), Retail-Retail Stores, Nec (5990)
- akta.pro primary industry
- Off-Price Department Stores (Outlet / Clearance Centers) (CRAGAEAI)
- akta.pro secondary industry
- Bankruptcy, Store-Closing & Going-Out-of-Business (GOB) Sales Retail (CRAEAFAD)
Keywords
Where Saks OFF 5TH is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Saks OFF 5TH business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Distribution channels2 records
Marketing channels1 record
Saks OFF 5TH product offering
Product offeringCore offering
Saks OFF 5TH is an off-price retail chain founded in 1990 as the off-price division of Saks Fifth Avenue, selling designer fashion, accessories, shoes, beauty, and home goods at discounted prices. The company operated 69 brick-and-mortar stores across the U.S. along with an e-commerce platform, both of which have undergone major restructuring in 2026 following a Chapter 11 filing, leaving 12 stores operating as clearance hubs and the e-commerce site shut down.
Product overview
Saks OFF 5TH operated as an off-price retail platform offering luxury fashion at discounted prices. The offering originally consisted of both an e-commerce website (saksoff5th.com) and approximately 70 physical retail store locations. Following Saks Global's Chapter 11 bankruptcy filing in January 2026, the company underwent major restructuring, shutting down the e-commerce platform and closing 57 of its 69 stores nationwide, retaining only 12 locations as clearance hubs. The remaining physical stores operate as a residual inventory channel while parent company Saks Global refocuses on full-price luxury retail through Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman.
Differentiator
Problem solved
Functional benefit
Products and services
- Saks OFF 5TH Retail Stores
- Saks OFF 5TH E-Commerce Platform
Companies that use Saks OFF 5TH
Customer profileSegments1 record
Ideal customer profiles1 record
Saks OFF 5TH technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Saks OFF 5TH partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights3 records
Saks OFF 5TH competitors and assessment
Company assessmentBroad incumbents
- TJ Maxx: Flagship off-price banner of TJX Companies operating thousands of stores offering designer and brand-name fashion, home, and beauty at discounted prices. A broad incumbent that anchors the off-price category against which Saks OFF 5TH competed.
- Burlington Stores: National off-price retailer offering branded apparel, accessories, and home goods at discounted prices. Comparable as a value-oriented off-price competitor targeting similar price-conscious shoppers.
- Marshalls: TJX-owned off-price chain offering apparel, footwear, and home goods at reduced prices alongside TJ Maxx. Comparable as a broadline off-price incumbent competing in the same customer segment.
- Saks Fifth Avenue: The flagship full-price luxury department store owned by Saks Global/Exemplar Luxury Group. The parent brand that Saks OFF 5TH historically extended, and now its primary inventory source as a clearance channel.
- Ross Stores: Off-price retailer operating Ross Dress for Less and dd's DISCOUNTS, offering apparel and home goods at deep discounts. Comparable as a broad off-price incumbent with significant scale advantages over Saks OFF 5TH.
- Neiman Marcus: Full-price luxury department store owned by Saks Global/Exemplar Luxury Group following the 2024 merger. A sibling brand under common ownership with comparable luxury positioning.
Emerging players
- The RealReal: Online marketplace for authenticated pre-owned luxury goods. An emerging competitor capturing value-conscious luxury demand through resale rather than off-price.
Direct peers
- Bloomingdale's Outlet: Macy's-owned outlet stores carrying Bloomingdale's and other designer brands at reduced prices. Closest active peer in the department-store-owned luxury off-price outlet model that Saks OFF 5TH once exemplified.
- Neiman Marcus Last Call: Neiman Marcus's former off-price outlet chain that was closed alongside 57 Saks OFF 5TH stores in the January 2026 bankruptcy restructuring. Direct peer under shared ownership with identical fate.
- Nordstrom Rack: Nordstrom's off-price division offering designer and brand-name merchandise at discounted prices through both physical stores and e-commerce. Direct comparable to Saks OFF 5TH as a department-store-owned off-price luxury chain.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Saks OFF 5TH social profiles
Digital presenceSaks OFF 5TH financial estimates
Financial estimateRevenue estimate
Valuation estimate
Saks OFF 5TH leadership team
Management profileNumber of profiles
Profiles4 records
Saks OFF 5TH funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Saks OFF 5TH M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Saks OFF 5TH
What does Saks OFF 5TH do?
Saks OFF 5TH is an off-price retail chain founded in 1990 as the off-price division of Saks Fifth Avenue, selling designer fashion, accessories, shoes, beauty, and home goods at discounted prices. The company operated 69 brick-and-mortar stores across the U.S. along with an e-commerce platform, both of which have undergone major restructuring in 2026 following a Chapter 11 filing, leaving 12 stores operating as clearance hubs and the e-commerce site shut down.
Is Saks OFF 5TH a public or private company?
Saks OFF 5TH is a private company. It is classified as corporate owned and is currently operating.
When was Saks OFF 5TH founded?
Saks OFF 5TH was founded in 1990. It employs 5,001 to 10,000 people.
Where is Saks OFF 5TH based?
Saks OFF 5TH is headquartered in New York, United States, in the North America region.
Who are Saks OFF 5TH's main competitors?
Broad incumbents on record are TJ Maxx, Burlington Stores, Marshalls, Saks Fifth Avenue, Ross Stores and Neiman Marcus. The RealReal is listed as an emerging player. Direct peers are Bloomingdale's Outlet, Neiman Marcus Last Call and Nordstrom Rack.
Does Saks OFF 5TH have an API?
No public API is recorded for Saks OFF 5TH.
What industry is Saks OFF 5TH in?
Saks OFF 5TH's product category is Off-Price Luxury Fashion Retail. Its primary akta.pro industry code is CRAGAEAI, Off-Price Department Stores (Outlet / Clearance Centers), with a secondary code of CRAEAFAD, Bankruptcy, Store-Closing & Going-Out-of-Business (GOB) Sales Retail. Its NAICS code is 458310 and its SIC code is 5960.