Saks Global is closing nearly all Saks Off 5th locations in a strategic pivot to refocus on the company’s luxury roots and emerge from bankruptcy. Courtesy of Saks GlobalThe remaining Saks Off 5th locations will shift merchandising strategy to support Saks Global's flagship brand. The conglomerate that also owns the Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman brands plans to close 57 Saks Off 5th discount stores and focus its operations on luxury sales. Going-out-of-business sales start Saturday at 34 Saks Off 5th locations, and another 23 will close outright Monday. Saks Global is also closing down saksoff5th.com, its discounted online storefront and separate legal entity operating as part of the conglomerate.