SHOP NOW Legendary retail giant launches closing down sales up to 81% as online store to be eliminated entirelyA POPULAR discount luxury retailer is ending its online presence after its parent company filed for bankruptcy. Saks OFF 5th, which is part of Saks Global, has clearance items listed up to 81% off as it prepares to shutter its website. A court has approved the retailer’s website shutting down as part of the bankruptcy process. While the website will soon cease to exist, Saks Fifth Avenue and Saks OFF 5th stores will still remain open for business. Besides Saks Fifth Avenue and Saks OFF 5th, Saks Global also operates Neiman Marcus and Bergdorf Goodman.