Saks Off Fifth in Riverhead will close Monday, as parent company shutters most off-price stores

*Saks Off Fifth, one of the largest stores in the Tanger Outlets mall in Riverhead, will shut its doors on Monday.

The store’s financially troubled parent company, Saks Global, announced Thursday it is closing the majority of its Off Fifth stores, including two on Long Island. The Off Fifth store at Tanger Outlets in Deer Park is also closing. The Garden City location will remain open, according to a list posted on the Saks Global website.

The closings come after Saks Global voluntarily filed a Chapter 11 bankruptcy petition in Texas Jan. 14. 

Saks Off Fifth, in addition to having one of the largest footprints in the Riverhead outlet mall, is, after 28 years of operation, one of the mall’s oldest tenants. Saks Off Fifth in 1997 was one of the first stores to open in Tanger II, a major expansion that more than doubled the size of the three-year-old outlet mall. After the completion of Tanger II in 1998, the center consisted of 735,000 square feet and was home to 200 stores— one of the largest in the country at the time.

Saks Global said in a Jan. 29 press release it is “sharpening its focus on luxury retail and full-price selling across its iconic portfolio.” In addition to Saks Fifth Avenue, the company owns Neiman Marcus and Bergdorf Goodman. Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman stores and their ecommerce operations are open and serving customers as usual, the company said.

The Saks Off Fifth stores remaining open — 12 in all as of Jan. 29 — will primarily sell residual inventory from Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, the company said in a press release. Saks Global will move away from purchasing merchandise directly for Saks OFF 5TH.

Online retailer saksoff5th.com, which is a separate legal entity from Saks Global, began a wind-down of its operations, with an online closing sale beginning Jan. 30, Saks Global also announced on Thursday. 

Correction: This story has been updated to correct an error in the store’s Riverhead Saks Off Fifth store’s closing date. It is closing Monday, Feb. 2.