National retailer files for bankruptcy after billions in debt, closing only Ohio location here in Cbus

Last month, a famous New York-based company filed for Chapter 11 bankruptcy protection, and as a result, they’re closing a majority of their discount stores.

Saks Global Enterprises, who owns Saks Fifth Avenue department store and their discount store, Saks Off Fifth, said in their bankruptcy filing that they’re in $2.5 billion in debt from its 2024 acquisition of Neiman Marcus.

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Unfortunately, the Saks off 5th located at Easton Gateway at 3940 Stelzer Road made the chopping block of the stores closing. The company said that this location’s last day will be next Monday, February 9. The store has been in business for twelve years.

Only twelve Saks Off 5th stores will remain open, and none of them will be in Ohio, for the Easton location was the first, and only, location here in the state.

The website for Saks Off 5th is also shutting down. Currently, they’re having a “Final Sitewide Blowout” if you’d like to shop some last minute deals before they close.

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