Most Saks OFF 5TH locations nationwide to close amid bankruptcy proceedings

Saks Global announced the majority of its Saks OFF 5TH locations across the United States will now be closing, just weeks after a bankruptcy filing.  

The luxury retailer said 23 of its Saks OFF 5TH stores will cease operations on Monday, Feb. 2, while another 34 will hold closing sales starting this weekend. Only 12 locations in New York, Florida, New Jersey, Georgia, California and Texas will remain open. 

"As we advance on Saks Global's transformation, we are taking decisive steps...