Saks Off 5th Bankruptcy Forces Major Restructuring of New Jersey Outlets

Following Saks Global’s Chapter 11 bankruptcy declaration in mid-January 2026, the parent company of luxury retailers Saks Fifth Avenue, Saks Off 5th, and Neiman Marcus has initiated significant changes to its retail operations. Among the most impacted regions are New Jersey locations, where multiple Saks Off 5th outlets face closure, while select outlets in NJ continue serving customers. On February 2, 2026, the company announced a comprehensive restructuring plan funded by the first $500 million tranche of a $1.75 billion financing package, with particular implications for its discount outlet brands.

Why New Jersey Outlets Are Being Reevaluated

The strategic decision to wind down most Saks Off 5th operations, including numerous New Jersey locations, stems from the company’s renewed focus on full-price luxury retail. As stated on January 29, Saks Global explained that concentrating resources on its premium Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman banners better aligns with long-term profitability goals. The company views these restructuring moves as essential to optimize its portfolio across high-performing luxury channels.

Liquidation sales commenced on January 31, 2026, across affected outlets nationwide. Select surviving Saks Off 5th locations—including certain outlets in New Jersey—have been repurposed as overflow inventory clearance centers for excess stock from Saks Fifth Avenue and Neiman Marcus. Additionally, the Neiman Marcus Last Call outlet division is being completely discontinued.

New Jersey Saks Off 5th Outlets Remaining Open

Despite widespread closures, several outlets in New Jersey continue normal operations. These surviving locations will serve dual purposes: maintaining customer service as traditional discount outlets while managing clearance inventory from the luxury brands above them.

The following New Jersey Saks Off 5th outlets remain open:

• Bergen Town Center, Paramus, NJ
• Bridgewater, NJ

These two locations represent the last active outlets in New Jersey under the Saks Off 5th banner following the February 2026 restructuring. Both stores continue to accept customers and remain operational through standard business hours.

New Jersey Saks Off 5th Locations Closing Their Doors

The bankruptcy restructuring has resulted in closure of multiple New Jersey outlets. Nearly 24 Saks Off 5th stores nationwide were shut down, with the following New Jersey locations among those affected:

• Eastchester, NY (near NJ border)
• Bridgewater, NJ*
• Clarksburg, MD (regional hub)
• Shrewsbury, NJ
• Elizabeth, NJ

*Note: While Bridgewater appears on certain closure lists, corporate communications indicate selected stores are transitioning to inventory clearance format rather than full closure. Customers should verify current status directly with their nearest outlet.

New Jersey Last Call Outlet Closures

All Neiman Marcus Last Call outlets are being discontinued entirely as part of the strategic retreat from discount channels. While no Last Call locations were specifically concentrated in New Jersey, this decision affects the broader outlet ecosystem in the region.

What This Means for New Jersey Consumers

For New Jersey residents, the restructuring means significant reduced access to Saks Off 5th discount shopping. The two surviving outlets in Paramus and Bridgewater will concentrate on liquidating excess inventory rather than traditional off-price retail offerings. However, customers can still access full-price Saks Fifth Avenue and Neiman Marcus locations throughout the region.

Regarding gift cards, shipping, returns, and rewards programs, Saks Global customers should visit the official company website for updated policies. The company continues to operate online platforms for its premium brands while winding down the Saks Off 5th digital store.

Timeline and Next Steps

• January 29, 2026: Company announces strategic review and outlet closure plans
• January 31, 2026: Liquidation sales begin at affected locations
• February 2, 2026: Official announcement; most outlets cease operations including New Jersey outlets in NJ
• Ongoing: Select New Jersey outlets transition to clearance-focused operations

The closure of most outlets in New Jersey reflects Saks Global’s broader shift away from the discount retail segment, consolidating its future around premium luxury shopping experiences rather than off-price alternatives.