Saks Off Fifth

Saks OFF 5TH is an established off-price retailer specializing in designer brands at reduced prices, operating as part of Saks Global. The company began in 1995, when Saks Fifth Avenue responded to the growing demand for accessible luxury by opening its first Saks OFF 5TH location. This move quickly positioned the brand as a destination for shoppers seeking high-end fashion with significant savings. A pivotal moment in its history came in 2013, when Hudson’s Bay Company acquired Saks Incorporated, bringing Saks OFF 5TH under the umbrella of a major North American retail group.

Over the years, Saks OFF 5TH expanded its presence across the United States and Canada, reaching more than 100 stores at its peak. In the past five years, however, the company has shifted its strategy. Rather than pursuing aggressive expansion, Saks OFF 5TH has focused on consolidating its store base and improving operational efficiency. This included a full exit from the Canadian market by June 2025 and a series of closures of underperforming locations. As of November 2025, Saks OFF 5TH operates 79 stores, all in the United States, with a concentration in major metropolitan areas and high-traffic retail corridors.

The company’s current approach emphasizes profitability and adaptability. Saks OFF 5TH continues to serve as a recognizable anchor in prominent retail centers, drawing a diverse customer base interested in both fashion and value. Its parent company, Saks Global, became an independent entity in late 2024 following a spin-off from Hudson’s Bay Company. The corporate headquarters is located at Brookfield Place in New York City.

Saks OFF 5TH’s evolution over the past several years reflects broader trends in retail, with a focus on optimizing store locations and adapting to changing consumer habits. The brand’s established reputation, ongoing presence in key U.S. markets, and willingness to adjust its footprint position it as a credible and flexible tenant for landlords, brokers, and developers navigating today’s retail landscape.