Saks Fifth Avenue To Close More Stores
"We routinely review the productivity, profitability, and potential for each of our stores and may determine it is appropriate to close a store from time to time," noted Steve Sadove, Chairman and Chief Executive Officer of Saks. "Store closing decisions are difficult ones to make, but the planned closing of these two locations is consistent with our strategy of deploying our resources in productive stores and closing underperforming stores, when feasible." Other Saks store closings have also includes stores in Charleston, South Carolina and Plano, Texas. The Saks Fifth Avenue store in Mission Viejo, California also closes later this month.