Legendary Fashion Retailer Shuts 57 Stores, 3 in Illinois

We live in an era when brands that many grew up with are now closing brick and mortar stores at a record rate. A legendary fashion retailer has now joined that number by suddenly closing 57 stores including 3 locations in Illinois.

I just saw this story of store closings shared by Cheapism based on a report from CNBC. It says that Saks Off 5th parent company has suddenly shuttered 57 stores. Many shut their doors this weekend while the rest will lock up on Monday, February 2, 2026. Here are the Illinois stores that are affected:

Saks Off 5th - Aurora, Illinois - closing February 2, 2026

Saks Off 5th - Northbrook, Illinois - closing February 2, 2026

Saks Off 5th - Rosemont, Illinois - closed January 31, 2026

The reason given for the Saks Off 5th locations closing in Illinois is multifaceted. Inflation is making it more difficult for families to afford the higher cost luxury brands that Saks is famous for and the battle against purely online sellers that don't have nearly the overhead is a factor, too. The business reports that company debts also forced the hand of the parent company to begin closing locations. That's why many have shared videos of liquidation sales at Saks Off 5th stores.

@fabuluxefind

Major retail shakeup Saks OFF 5TH is closing most locations and shutting down its website as the company shifts focus back to full-line luxury stores. Closing sales start now and deals will roll out over the next several weeks. Only 12 locations will remain open as outlet destinations for Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman inventory. The 12 OFF 5TH stores remaining open: 1. Gallery at Westbury Plaza — Garden City, NY 2. Sawgrass Mills — Sunrise, FL 3. Woodbury Common Premium Outlets — Central Valley, NY 4. Bergen Town Center — Paramus, NJ 5. Town Center Aventura — Aventura, FL 6. Buckhead Station — Atlanta, GA 7. Miromar Outlets — Estero, FL 8. Somerset Shoppes — Boca Raton, FL 9. The Outlets at Orange — Orange, CA 10. Dolphin Mall — Miami, FL 11. Palm Beach Outlets — West Palm Beach, FL 12. Grapevine Mills — Grapevine, TX Want access to the online liquidation sale and a list of in person stores holding closing sales Comment OFF and I’ll send you the link before the best deals sell out. ️

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