Saks Global plans to close most Saks Off 5th and all Last Call stores, impacting San Antonio

San Antonio and San Marcos outlets included in nationwide Saks Global downsizing

Saks Global, the luxury retail parent of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, is moving to close most of its Saks Off 5th discount stores and all remaining Neiman Marcus Last Call outlet locations as part of a Chapter 11 bankruptcy reorganization.

The decision affects South Texas shoppers directly. The company’s only Saks Off 5th in San Antonio is slated to close. The store operates at 5819 Worth Parkway in The Rim. In addition, the Neiman Marcus Last Call at San Marcos Premium Outlets is also scheduled to close as part of the shutdown of the chain’s final five Last Call locations.

Scale of closures and what remains

Company filings and public restructuring statements outline a major contraction of the off-price footprint. Saks Global reported operating 70 Saks Off 5th locations before the announcement and intends to keep only 12 open after closures are completed. Those remaining outlets are expected to function primarily as a channel for residual inventory coming from the full-price luxury banners rather than as a traditional off-price network buying new merchandise specifically for outlet sale.

The restructuring also includes plans to wind down the Saksoff5th.com website. The company has treated the e-commerce site as a separate legal entity from Saks Global, and the wind-down is intended to reduce exposure tied to the off-price business while the parent reorganizes under bankruptcy protection.

Timeline and sales activity

Going-out-of-business activity began online Jan. 30, 2026, and was expected to start in stores Jan. 31, 2026, subject to bankruptcy-related approvals. For Saks Off 5th, the company identified multiple waves of closures: a group of locations set to close Feb. 2, 2026, and a larger group beginning store-closing sales Jan. 31, 2026. For the San Antonio store at The Rim, the company has not announced a final closing date; store-level expectations indicated the location could remain open into April.

Why the company is shrinking its off-price business

The closures come during a broader effort to stabilize the business after Saks Global sought Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas on Jan. 14, 2026. Saks Global has described the downsizing as part of a shift toward prioritizing full-price selling at its core luxury department stores and simplifying operations to address debt and supplier-payment pressures that intensified during the lead-up to the filing.

What shoppers should know locally

• San Antonio’s Saks Off 5th at The Rim is slated to close, with liquidation activity underway during the announced sales period.
• San Marcos Premium Outlets is losing its Neiman Marcus Last Call as the chain exits the outlet format entirely.
• Return policies, gift cards, loyalty programs and promotions can be subject to bankruptcy-related limits during liquidation; shoppers typically need to verify terms at the point of purchase.

The store closures are part of a Chapter 11 reorganization designed to refocus the company’s business on its full-price luxury banners.

For San Antonio-area retail centers, the closures add to the ongoing post-pandemic reshuffling of national chains, with landlords likely to seek replacement tenants for large-format space in high-traffic shopping districts.