The Saks Off 5th store in Naples is permanently closing, while the one in Estero will remain open as Saks Global Enterprises plans to shutter all but 12 of its 50 Saks Off 5th locations nationwide during its Chapter 11 bankruptcy restructuring.
The Naples store, which opened in 2016 in Park Shore Plaza, is one of six stores closing in Florida. The other five are in Destin, Ellenton, Lutz, Orlando and Vineland. The company has not provided a closing date, but stores may continue operating until April.
The Saks Fifth Avenue anchor store at Waterside Shops will remain open and operated by the luxury retail giant headquartered in New York City.
The Miromar Outlets store is one of six Saks Off 5th stores that will continue operating in Florida. The other five are at Town Center in Aventura, Somerset Shoppes in Boca Raton, Dolphin Mall in Miami, Sawgrass Mills in Sunrise and Palm Beach Outlets in West Palm Beach.
The Saks Off 5th store at Park Shore Plaza in Naples is permanently closing as part of Saks Global’s Chapter 11 restructuring, which will shutter most of the retailer’s locations nationwide.
“Select stores will participate in closing sales, which will extend over the next several weeks,” the company reports, but not all stores targeted to close will have going-out-of-business sales.
The Naples store at 4135 Ninth St. N. has a closing sale under way with 25% off shoes and at least 20% off other merchandise, which includes designer clothing, handbags and jewelry. All sales are final.
“SaksFirst gift cards can be redeemed at Saks Off 5th stores until Feb. 18, 2026,” according to a notice posted inside the Naples store. “SaksFirst gift cards will continue to be accepted at Saks Fifth Avenue stores and SaksFifthAvenue.com.”
Saks Off 5th leases 27,000 square feet of retail space in Park Shore Plaza in Naples. The inline store is between The Fresh Market and new Barnes & Noble stores. Operating hours for Saks Off 5th in Naples are 10 a.m. to 8 p.m. Monday through Saturday, and 11 a.m. to 7 p.m. Sunday.
A notice posted at the Naples Saks Off 5th store outlines its permanent closure and final sale policies as the retailer winds down operations at Park Shore Plaza.
Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, filed for Chapter 11 bankruptcy in mid-January, citing unsustainable debt since its 2024 Neiman Marcus merger. The company secured $1.75 billion in financing to continue operations during restructuring.
Saks Global also is shuttering its last five locations of Neiman Marcus Last Call. The only remaining Last Call store in Florida is at Sawgrass Mills mall in Sunrise.
Merchandise racks fill the sales floor at Saks Off 5th in Naples, where a closing sale offers discounts on designer clothing, handbags and accessories ahead of the store’s permanent closure.
More than 1.5 million square feet of retail space will be on the market because of the Saks Global bankruptcy. The company has hired A&G Real Estate Partners to market the leases of the Saks Off 5th and Neiman Marcus Last Call discount stores that are closing nationwide.
Saks Off 5th’s vacancy in Park Shore Plaza will be the second major retail unit available in the Naples shopping center, which is owned by New York-based Brixmor Property Group. Party City’s former 18,676-square-foot space also remains vacant. A 1,200-square-foot outparcel unit vacated last year by Duck Donuts is expected to be filled this spring by Juice Society juicery.
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