Saks Off 5th
![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (July 2020) |
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 The exterior of the Saks Off 5th store in Clarksburg, Maryland, pictured in 2020 | |
| Formerly | Saks Fifth Avenue Off 5th (1990–2020) |
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| Company type | Subsidiary |
| Industry | Retail |
| Founded | 1990 |
| Headquarters | , United States |
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| Website | saksoff5th |
Saks Off 5th, formerly Saks Fifth Avenue Off 5th, is an American off-price department store chain founded in 1990, and a subsidiary of the luxury department store chain Saks Fifth Avenue. Since 2013, both Saks Off 5th and Saks Fifth Avenue have been owned by the Hudson's Bay Company (HBC), along with HBC's namesake Canadian department stores. It is comparable to other off-price stores including Nordstrom Rack, and traditional department stores.
In 2019, HBC announced plans to downsize the chain in order to cut costs amid falling sales, and planned to close as many as 20 Saks Off 5th locations in the United States.[1][2] In February 2020, HBC announced that former Nordstrom Rack executive Paige Thomas was the new president of Saks Off 5th.[1][2]
Gallery
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Logo used from 2007–2020 -
Saks Off 5th at Tsawwassen Mills in Delta, British Columbia -
Saks Off 5th, Clarksburg, Maryland, August 2020
References
- ^ a b Howland, Daphne (February 11, 2020). "Nordstrom Rack vet to lead Saks Off 5th". Retail Dive.
Saks opened Off 5th in 1990 as a merchandise clearinghouse, but has also expanded since then…HBC's three distinct retail businesses,
- ^ a b Wilson, Marianne (February 22, 2019). "Up to 20 Saks Off 5th stores to close". Chain Store Age.
External links
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