Saks to Close Two Philly Locations

Saks Off 5th to close 2 Philadelphia-area stores

Saks Off 5th is preparing to shutter its stores at the Franklin Mall in Northeast Philadelphia and the Metroplex Mall in Plymouth Meeting, reflecting a broader round of closures affecting major metropolitan markets.

The two off-price outlets are among nine locations the retailer plans to close from its roughly 80-store portfolio. The decision follows an internal review aimed at concentrating resources on stronger-performing and higher-growth markets, according to a report by Women’s Wear Daily.

A representative for parent company Saks Global confirmed the closures, expected to take effect in January, describing them as part of a broader strategy to “optimize our Saks Off 5th footprint by enhancing performance and improving the overall customer experience.”

*Article courtesy of Philadelphia Business Journal

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