Saks Off 5th ave is Closing Manhattan Location

Saks OFF 5TH is closing its 57th Street Manhattan location on December 31st (could be sooner depending on how fast inventory is cleared)!

The building that now houses the 57th Street location is being converted to a residential space, and the company told Crain’s New York Business:

“After nine years at the address, the retailer will turn off its lights for good on New Year’s Eve and has no plans to relocate elsewhere, according to the company.”

Deep discounts have already started at this location, with lots of Designer Finds currently up to 85% off. Expect this to continue through the end of 2025.

Saks OFF 5TH will also close 9 additional stores in early 2026 (see slide 2 for the full list). You can also expect to see discounts at these stores once the liquidation process begins next year (these stores will continue to operate normally through the holiday season).

The company told USA Today that “the closures are part of an effort to ‘optimize’ its store presence, enabling us to place greater attention to our high-performing and high-potential store locations, and refinements across our store footprint.”

Some of these discounts are also starting to show up online with up to 80% off select Designers right now