(Filed Under Financial and General Interest News). Saks Incorporated is focusing on off price. Following news that it will close two Saks Fifth Avenue stores in July, the company announced that it will open four OFF 5TH stores this year, as well as renovate its Riverhead, NY location. OFF 5th is the luxury retailer’s discount chain. The company currently operates 55 OFF 5TH stores and 53 Saks Fifth Avenue stores.
New OFF 5TH stores will be located in metropolitan Pittsburgh, PA; Portland, Ore; Houston, Tex.; and Raleigh/Greensboro, NC. The first location will open this May in metropolitan Pittsburgh.
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