Just weeks after announcing that it was filing for bankruptcy, Saks Fifth Avenue has begun launching a round of new sales online, with closeout deals on top designer names and fashions.

Saks Global announced that it was filing for bankruptcy in January, revealing that at least eight physical locations would be shuttered, leaving 25 standing stores in the U.S. The company also announced that Saks Off 5th, the off-price arm of the department store chain will be almost completely shut down.

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Despite the company’s economic downturn, Saks says its main Saks Fifth Avenue website will continue to operate as normal, though shoppers are no doubt rushing to take advantage of clearance sales online in case stock and selection begin to dwindle in the coming months.

Saks Fifth Avenue is currently offering up to 70% top designer brands online, with pieces on sale from the likes of Alaia, Balenciaga, Bottega Veneta, Cartier, Comme des Garcons, Dior, Fendi, Gucci, Loewe, Margiela and Marni, among hundreds of top brand names. The closeout sale includes deals on ready-to-wear, footwear, handbags and accessories.

A bonus offer for President’s Day weekend: use the promo code GCFEBSF at checkout to get a $50 gift card back with purchases of $250+ and up to a $500 gift card back on purchases over $2000. You’ll also get free shipping on purchases over $300 with the code FREESHIP.

Here’s a look at some of the best pieces on sale at Saks Fifth Avenue online. You’ll want to hurry though: sizes and styles are selling quickly so add to cart before it’s too late.

Comme des Garcons Satin Ruffled Shirtdress

$350.98 $1,170 70% off

Buy Now

The classic white shirtdress gets a contemporary twist courtesy of the avant-garde designers at Comme des Garcons. Textured ruching creates a ruffled bib that’s at once reminiscent of a floral bouquet and gift-wrapped bows. A stain finish makes this easy to wear from conference room to post-work function.

Versace Embroidered Washed Cotton Jeans

$525 $1,750 70% off

Buy Now

These relaxed fit acid wash jeans get an update with hand embroidered detailing that’s meant to mimic light distressing.

Bottega Veneta Scoop 54MM Oval Sunglasses

$360 $600 40% off

Buy Now

A statement pair of sunnies from the geniuses at Bottega Veneta, these shades feature an oversized oval silhouette and a scooped browline. Gold detailing at the temples add a touch of luxe to an otherwise great-for-everyday pair of frames.

Dries Van Noten Wool Double-Breasted Blazer

$457.50 $1,525 70% off

Buy Now

A staple pieces from Dries Van Noten, this women’s blazer features structured shoulders, a peak label and a double-breasted fit. The dark green colorway is a nice update from basic black.

Jacquemus La Robe Maille Castagna Merino Wool-Blend Minidress

$297 $900 67% off

Buy Now

Made in Portugal and inspired by seaside escapes and summer vacation, this Jacquemus minidress is one of the most popular items on sale right now at Saks. The one-piece design features dropped shoulders, a mock turtleneck and a just-right hemline.

Max Mara Long Silk Dress

Buy Now $1,512

Max Mara pieces rarely go on sale which is why this deal is worth snatching up online. This silk dress features a mandarin collar, belted waist and a striped design that serves up a gentle dose of prep.

Ferragamo Cashmere Jacquard Crewneck Sweater

$629 $2,100 70% off

Buy Now

Made in Italy, this unisex cashmere sweater is chic and cozy, as apt for apres as it is for dinner parties or meetings.

Loewe Balloon Cargo Trousers

$584.95 $1,950 70% off

Buy Now

Cargo pants get a modern upgrade with these Loewe Balloon Trousers, which feature zipper and buckle detailing throughout and a generous (and flattering) roomy fit.

Ferragamo Mirelle 60MM Gancini-Accented Patent Leather Pumps

$335.62 $895 63% off

Buy Now

Saks also has deals on Ferragamo footwear, including these patent leather pumps with a cheetah-inspired print and goldtone logo detailing.

Giuseppe Zanotti 85MM Patent Leather Pumps

$318.75 $850 63% off

Buy Now

Sleek and sexy these Giuseppe Zanotti pumps add length (and attract looks) with its V-strap, pointed toe and skinny stiletto heel. Made in Italy, these patent leather pumps are available in three colors.

Giorgio Armani Virgin Wool-Wool Single-Breasted Tuxedo

$1,310 $3,495 63% off

Buy Now

Just in time for awards season, Saks has this Armani tuxedo on sale for more than 60% off. Italian tailoring is on full display, with a luxe virgin wool and silk blend, notch label and classic single-button silhouette. A subtle sheen makes this red carpet ready.

Oscar de la Renta Peony Unravel Jacquard Pencil Skirt

$537 $1,790 70% off

Buy Now

Oscar de la Renta updates the classic pencil skirt with a jacquard floral print and silk lining. Made in Italy, this piece showcases the legendary fashion house’s attention to detail and flair for enduring design.

Missoni Striped Metallic Knit Crewneck Minidress

$317.99 $1,060 70% off

Buy Now

Get a classic Missoni print on this knit dress, which is as easy and comfortable to wear to a beach club as it is to dinner. This should be a travel staple for summer and beyond.

Polo Ralph Lauren Flag Cotton Crewneck Sweater

$278.60 $390 29% off

Buy Now

Ralph Lauren is the official clothing provider of the U.S. Olympic team for the 2026 Winter Olympics in Milan and you can show your patriotism with this flag sweater — one of the more popular items from Ralph Lauren’s core collection. It’s on sale for almost 30% off.

Khaite Lori Leather Baguette Shoulder Bag

$504 $1,680 70% off

Buy Now

The Saks Fifth Avenue clearance sale also includes a number of deals on handbags and purses, like this on-trend baguette bag from Khaite. Made in Italy, the leather bag is great as a shoulder bag or tucked under the arm as an elegant clutch.

See more items from the Saks Fifth Avenue clearance sale here. Saks has closeout deals on apparel, footwear, accessories, beauty and home items for men, women and kids.

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Tim Chan is the VP of Commerce at Penske Media, overseeing fashion, lifestyle and streaming coverage across marquee brands like Rolling Stone, Billboard, The Hollywood Reporter, Variety and WWD, among others. Previously, Chan was the first-ever Lifestyle Editor at Rolling Stone, covering all things fashion, culture, and travel through an entertainment lens. In addition to PMC, his bylines over the years have appeared in L’Uomo Vogue, Vogue Italia, Vogue Korea, i-D and more. Chan has also consulted for a number of fashion brands, advising them on media and marketing strategy. He graduated from Columbia University with a master’s degree in journalism.

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Saks Fifth Avenue’s Clearance Sale Offering 70% Off Designer Brands Online Amid Department Store’s Bankruptcy Filing

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