Saks OFF 5TH, established in 1990 as the off-price division of Saks Fifth Avenue, operates as a leading U.S.-based fashion retailer offering luxury brands at discounted prices. The company combines a strong network of physical outlets with a rapidly expanding e-commerce platform to deliver value-driven designer apparel, accessories, and footwear. By leveraging data-driven inventory management and partnerships with premium brands, Saks OFF 5TH provides accessible luxury to a broader audience, maintaining its edge in the competitive off-price retail market.
What Is Saks OFF 5TH and What Does It Do?
Saks OFF 5TH, founded in 1990 by the parent brand, is a Jackson-based (United States) fashion-retail business.
Saks OFF 5TH employs between 10,001+ people as of July 2024. The company provides designer apparel, accessories, and footwear at discounted luxury prices via its off-price stores and online platform.
It operates a fleet of physical stores that complements its e-commerce business, targeting value-seeking fashion lovers and leveraging brand partnerships and inventory turnover to sustain its off-price model.
How Much Funding Has Saks OFF 5TH Raised?
1. Series A (Digital Business Spin-off)
- Amount Raised: $200 M
- Date: June 2021
- Lead Investors: Insight Partners
- Motivation: To establish the e-commerce business of Saks OFF 5TH as a standalone entity and accelerate digital growth
Total Funding Raised: $200 Million
Current Valuation (as of June 2021): $1 Billion
Latest Funding Date: June 2021
Key Investors
1. Insight Partners
- Details: Growth-capital investor leading the $200M equity investment in Saks OFF 5TH’s e-commerce business.
- Investment Focus Areas: Growth equity in technology-enabled businesses, consumer platforms, retail transformation.
Where Is Saks OFF 5TH’s Headquarters?
Saks OFF 5TH is headquartered in Jackson, United States. This location roots the brand in the U.S. off-price retail ecosystem, facilitating logistics, store operations, and alignment with discount-luxury market dynamics. Being U.S.-based supports supply chain access, brand partnerships, and rapid retail expansion in the domestic market.
What’s Next for Saks OFF 5TH?
Saks OFF 5TH’s next phase focuses on scaling its e-commerce business, enhancing digital integration with its store network and reinforcing its luxury off-price positioning. It must pivot effectively amid retail headwinds, supply-chain pressures and consumer shifts to online.
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