Saks OFF 5TH is an American off-price department store chain founded in 1990. It is a sister brand to the luxury department store chain Saks Fifth Avenue. Both chains were owned by holding company Saks, Inc. until its acquisition by the Canadian-founded Hudsons Bay Company in 2013. Saks OFF 5TH competes with off-price department stores including Burlington, Macy's Backstage, Nordstrom Rack, Ross Dress for Less, and the TJX Companies.
Saks OFF 5TH is reimagining traditional off-price retail with a digital-first model focused on delivering a superior customer experience. They offer a wide variety of brand name fashions at deep discounts of up to 70 percent off retail prices. Saks OFF 5TH locations are generally bright, trendy, and organized, but not at all intimidating. Departments are clearly labeled with hanging signs and cute displays.
It is important to note that Saks Fifth Avenue is a separate, luxury department store chain. While Saks Fifth Avenue is synonymous with designer men's and women's fashions and prestigious customer service programs, Saks OFF 5TH outlet stores offer a similar selection of brand name fashions at discounted prices.
