Saks Off 5th just announced the digital arm is being liquidated separately from the rest of Saks. This isn’t about the flagship stores or Saks Fifth Avenue inventory or Saks Off 5th stores. It also doesn’t mean there’s a broader collapse happening. The Off 5th website is being run independently, and they’ve been given the green light to sell through what’s left while they figure out next steps. It’s a separate legal entity that happens to sit under the broader Saks ecosystem and use the name, but it has its own economics, obligations, and problems. If that digital business is losing money or owes money back to Saks Global, it can’t just coast along. Saks Global is clearly asking them to pay up which means we need to be on the lookout for extra markdowns.
Right now the site is promoting markdowns of up to 85% off, with some discounts scaling even higher. I’ve spotted worthwhile pieces from Valentino, Brunello Cucinelli, and Missoni. There aren’t many sizes left, but it’s absolutely worth a scroll. This is the kind of moment where it pays to be decisive. You can assume what’s there now won’t still be there tomorrow.
