Saks Off 5th will shutter its Loop outpost in June 2026 — one of as many as nine closures the discount chain plans nationwide — trimming downtown Chicago’s retail ranks at a moment when mall and main-street leases are under pressure from shifting shopper habits. The brand will keep selling online.
A Saks Global spokesperson told NBC Chicago the Loop store will close in June 2026 and that chainwide shutdowns begin in January 2026, calling the move “part of a larger strategic initiative to optimize our Saks OFF 5TH store presence.”
Which Stores Are Impacted
As reported by CoStar News, the list includes sites in Austin; East Hanover, N.J.; Philadelphia Mills; Niagara Falls, N.Y.; Pittsburgh; Plymouth Meeting; Washington, D.C.; and West Hartford, Conn., along with the Chicago Loop location. CoStar also noted a separate Manhattan site at 125 E. 57th St. will close at the end of December as the building converts to residential use.
Why Saks Is Cutting Locations
Industry coverage frames the retrenchment as a footprint optimization aimed at concentrating resources on higher-performing stores and testing in-store upgrades. Retail Dive reports that vendor and assortment pressures have made it harder for Off 5th to compete with faster-growing off-price rivals — a dynamic likely factored into the decision.
Where The Loop Store Came From
The Loop outpost at 6 S. State St. isn’t a legacy holdover: The Real Deal covered the chain’s return to State Street after an earlier closure, a reminder of how quickly the Loop’s retail mix can pivot as markets and leases shift.
What Shoppers Should Know
Saks Off 5th told NBC Chicago that shoppers can still visit nearby Off 5th locations — Village Square of Northbrook, Fashion Outlets of Chicago in Rosemont, and Chicago Premium Outlets in Aurora — or order online at saksoff5th.com. The company says these changes are part of an effort to concentrate investment in its strongest stores.
What To Watch Next
Closures will roll out starting January 2026, with the State Street shutdown slated for June. Local landlords and retail analysts will be watching whether competitors or new concepts move into the vacated spaces, CoStar reports. The announcement follows a period of management and portfolio changes at Saks Global as the company reorients its brick-and-mortar strategy.
