Local · Trusted · Free
The Morning Impact — your neighborhood's most important stories, delivered every morning.
This upscale discount retailer has announced plans for nationwide store closures, including one right here in San Antonio at The Rim.
Latest update
Saks Global, the parent company of Saks OFF 5th clothing stores, announced plans to close the majority of its retail locations in a Jan. 29 news release.
The Saks OFF 5th location at 5819 Worth Parkway at The Rim in San Antonio began a closing sale on Jan. 31 and will permanently close once all inventory is liquidated.
"As we advance on Saks Global's transformation, we are taking decisive steps to realign our business to better serve our luxury customers and drive full-price selling across our core luxury businesses," Geoffroy van Raemdonck, the CEO of Saks Global, said in the release.
Approximately 23 stores officially closed for good on Feb. 2, including locations in Dallas and Grand Prairie.
On the other hand, 12 stores across the United States will remain open, with one in Grapevine to be the sole Texas location moving forward, according to the release.
The context
Saks OFF 5th offered a selection of discounted designer clothing, shoes and accessories. The business's website also listed beauty supplies and a selection of home decor and home goods.
