Saks Off 5th, the off-price division of Saks Global, will close nine of its 79 locations beginning in January, WWD has learned.

The decision to close stores follows an extensive analysis of the fleet, including market dynamics, lease expirations, customer behavior and long-term business potential, to focus more on high-performing and high-potential locations.

“We have identified opportunities to optimize our Saks Off 5th store presence, through both initiatives to drive performance and elevate the customer experience, enabling us to place greater attention to our high-performing and high-potential store locations, and refinements across our store footprint,” a spokesperson said in a statement. “As part of our ongoing and comprehensive strategy, we have taken a critical eye to our stor

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