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TSX:HBC 1 February 2026

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Saks Off 5th liquidation sales begin as Saks Global moves to close 57 stores

Saks Global has begun closing sales at 34 Saks Off 5th stores, with 23 more set to shut by Feb. 2, leaving 12 outlets open. The company, in Chapter 11 bankruptcy, is also closing all Neiman Marcus Last Call locations. Gift cards and rewards now have new expiration dates, and all closing-sale purchases are final. Saks is halting new gift card sales and winding down its Off 5th online operations.
1 February 2026

Stock Market Today

  • Cotton Futures Rally on Friday; Export Sales Lag USDA Estimates
    March 15, 2026, 8:26 AM EDT. Cotton futures gained on Friday, with front-month May contracts rising as much as 74 points, and weekly gains reaching 165 points. Crude oil prices increased by $3.57 to $99.30, while the US dollar index rose 0.776 to 100.530. The Commodity Futures Trading Commission (CFTC) reported a reduction of 6,183 contracts in managed money net short positions for cotton. Export sales totaled 9.157 million running bales, down 10% year-over-year and trailing USDA forecasts at 81%. Shipments fell 4% to 5.029 million running bales, representing 45% of USDA estimates and below the 50% five-year average. The Cotlook A Index dropped 5 points to 75.70 cents, with ICE certified cotton stocks decreasing by 2,728 bales to 116,789. May, July, and October 2026 contracts closed up by 71, 74, and 60 points respectively.
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