Hudson’s Bay Company to close Saks Off 5th stores in Europe

Saks Fifth Avenue’s discount chain Saks Off 5th is to close all stores in the Netherlands and Germany, the brand announced on its local Facebook pages. All retail locations in Amsterdam, Rotterdam, Düsseldorf, Frankfurt, Bonn, Stuttgart, Wiesbaden and Heidelberg are now holding a final sale, with markdowns of up to 40 percent.