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Saks to Open 29 Stores in Next 3 Years: Investcorp’s Saks Holdings Inc. has also revealed in filings with the Securities and Exchange Commission its intention to go public. The operator of 45 Saks Fifth Avenue stores and 19 Off 5th stores said most of the store openings will be in its Off 5th division, which sells end-of-the-season merchandise at 40% to 70% off. It said it plans to open 14 of the stores this year and seven next year. Saks also plans to open three new Saks Fifth Avenue stores during the next three years and remodel nine others. It will also open four stores in resort areas. The store-opening plans are in a prospectus filed by the retailer as it disclosed its plans to take Saks Fifth Avenue public with the sale of $300 million in stock.