Saks Off 5th
American off-price department store chain / From Wikipedia, the free encyclopedia
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Saks OFF 5TH, formerly Saks Fifth Avenue Off 5th, is an American off-price department store chain founded in 1990, and a sister brand to the luxury department store chain Saks Fifth Avenue. Both chains were owned by holding company Saks, Inc. until its acquisition by the Canadian-founded Hudson's Bay Company in 2013. Saks Off 5th grew throughout the United States before expanding into Canada in 2016. It competes with off-price department stores including Burlington, Macy's Backstage, Nordstrom Rack, Ross Dress for Less, and the TJX Companies.[citation needed]
Formerly | Saks Fifth Avenue Off 5th (1990–2020) |
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Company type | Subsidiary |
Industry | Retail |
Founded | 1990; 34 years ago (1990) |
Headquarters | , United States |
Number of locations | 100 (2023) |
Area served |
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Parent |
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Website | saksoff5th |
As of October 24, 2023[update], Saks Off 5th operates 98 off-price department stores across 22 U.S. states: AZ, CA, CT, FL, GA, HI, IL, MA, MD, MI, MN, NC, NH, NJ, NV, NY, OH, OR, PA, SC, TX, and VA; Washington, D.C.; and 4 Canadian provinces: Alberta, British Columbia, Manitoba, and Ontario.[1]