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Everything must go as Saks Off Fifth closes in downtown Minneapolis

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Shoppers have their last chance to pick up a bargain in the everything must go, closing down sale at Saks Off Fifth in downtown Minneapolis.

The outlet store on Nicollet Mall is shutting its doors today and is trying to sell as much of its stock as possible – including display furniture and mannequins, as well as it's remaining men and women's clothing.

WCCO reports that there are discounts of up to 80 percent being offered in the clearance sale as Saks vacates the 50,000 square-foot unit.

A new tenant for much of that vacant space has already been found, with Walgreens taking over 38,000 square-feet to open up one of its "higher end, marquee" stores.

But the Pioneer Press reports that Saks Off Fifth may not be absent from Minneapolis for long, with owner Hudson's Bay Co. saying it was still in the market for another location downtown.

The newspaper notes that the chain has been located downtown for more than 25 years, originally starting as a Saks Fifth Avenue taking up four stories, which closed in 2004. Saks Off Fifth then continued on two floors.

Until the company finds a new downtown location, Vita.mn says that shoppers will have to go to Eagan to get their Saks Off Fifth fix, with a store opening at the Twin Cities Premium Outlets mall last August.

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