The department store is canceling an annual show that has long drawn tourists to its flagship store in New York City.

Saks Fifth Ave announced its flagship location in Manhattan will not host its annual light show for the first time in 20 years amid a luxury slowdown.

One of the most recognizable holiday-time spectacles is no more: Saks just announced that its legendary light show on the building's facade at 611 Fifth Avenue has been canceled indefinitely. The timing of the decision is pretty interesting as well: the company celebrates its centennial this year.

After years of tradition, Saks Fifth Avenue in Manhattan announced that it will not be running its annual holiday light show this holiday season.

The holiday light show, which draws thousands of viewers to Saks Fifth Avenue, has been canceled to cut costs in a "challenging year" for luxury stores.

After nearly two decades of enchanting holiday shoppers with its elaborate light displays, Saks Fifth Avenue suddenly canceled this year’s installation, an about-face from statements made less than a month ago.

If you were looking forward to Saks Fifth Avenue’s spectacular light show, you might want to adjust your expectations. The famed event will not take place this year. The reason for this decision? A spokesperson shared with local news outlets that the cancellation is associated with “changes in its approach to the holiday windows” to