Saks Global to Refocus its Strategy towards Luxury and Full Price Selling

will remain open, but their role will shift: they will primarily serve as a selling channel for residual inventory flowing from Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, rather than buying directly for off price.

As part of this pivot, Saks Global will move away from purchasing dedicated merchandise for Saks OFF 5TH, instead using the channel to support full price inventory productivity.​ Saksoff5th.com Begins Wind Down In parallel, saksoff5th.com, a separate legal entity from Saks Global, has decided to wind down its ecommerce operations.

An online closing sale is scheduled to start on Friday January 30, with customers encouraged to shop early while selection is strongest.​ During the closing period, both the Saks OFF 5TH ecommerce business and brick and mortar stores will retain flexibility to pivot to alternative transactions if attractive options emerge.

To support this process, Saks Global and saksoff5th.com have engaged Great American to assist with inventory management across closing stores and the website.​ Strategy: Full Price Luxury And Brand Partners First The company frames these steps as a sharpening of focus on luxury retail and full price selling…