Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
Saks Global plans to shutter most of its Sak Off 5th stores as the bankrupt retailer looks to slash costs and cater to higher-income customers.
The company said on Thursday that it will close all but 12 of its 70 Saks Off 5th locations. The remaining… [1586 chars]
Source: CBS News | Published: 2026-01-30T16:08:06Z
Credit: CBS News
