Riverhead Tanger Saks Off 5TH to Close Feb 2026 amid Chapter 11

The Saks Off 5th at Tanger Outlets Riverhead, located at 701 Tanger Mall Drive, is scheduled to close in early February 2026, a move that will remove a frequent draw for North Fork and East End shoppers. The store lists its phone as 631-369-5883 and regular hours as Monday–Saturday 10:00 AM–7:00 PM and Sunday 10:00 AM–7:00 PM; customers are advised to call the store for the latest information.

The Riverhead closure follows a broad retrenchment by Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, after the company filed for Chapter 11 bankruptcy protection in January. Company filings and reporting show that Saks Global has been under strain, having “failed to pay vendors for over a year” and owing “hundreds of millions of dollars to brands like Chanel and LVMH,” according to recent coverage.

Corporate restructuring has included sweeping actions across the off-price business. Saks Off 5th’s online sale began at the end of January, the company’s off-price Last Call brand closed its stores at the end of January, and hundreds of outlet locations are being pared back. Business reporting details that a sale on the Saks Off 5th website began on January 30 and that the remaining 34 Saks Off 5th locations began holding closing sales on January 31. A separate tranche of 23 Saks Off 5th locations are scheduled to close on February 2. Finance reporting summarized the plan as “closing all but 12 of its Saks OFF 5TH locations,” with Business Insider noting that 12 locations are expected to remain open, including six in Florida and two in New York.

Geoffroy van Raemdonck, Saks Global’s new CEO, framed the shifts as strategic, saying, “We are taking decisive steps to realign our business to better serve our luxury customers.” Company statements indicate the firm is narrowing its focus toward luxury and full-price operations as part of a turnaround plan.

For Riverhead, the immediate impact is practical and local. Outlet managers, hourly staff and service workers face uncertainty as the off-price anchor departs, and shoppers who relied on discounted designer goods at Tanger Riverhead will see fewer options on the property. Tanger’s store listing previously promoted the location as a place to “enjoy the best savings,” language that underlines how the loss of an off-price tenant changes the mix for outlet customers and spillover traffic for nearby restaurants and shops.

What comes next for shoppers and employees is short-term clearance activity followed by operational decisions by Tanger Outlets and Saks Global. Customers seeking updates should call the Riverhead store at 631-369-5883, and workers should monitor communications from store management and Tanger Outlets for information on staffing, severance or transfer opportunities. In the longer run, the corporate shift toward luxury full-price retail signals a reshaping of how national brands use outlet channels and could reshape the retail landscape on Long Island.