Saks Fifth Avenue To Close More Stores

by Deidre Woollard (RSS feed)
Oct 8th 2010 at 8:01PM

Back in May we learned that luxury department store Saks Fifth Avenue was closing two stores, one in Portland, Oregon store and another at the Fashion Valley Mall in San Diego, California. Now two more underperforming stores are set to close. The Saks Fifth Avenue store in Southampton, New York closes on Saturday and the Saks Fifth Avenue Off 5TH store in The Legends at Sparks Marina in Reno/Sparks, Nevada closes at the first of the year.

"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.

Tags: saks, saks fifth ave, Saks Fifth Avenue, store closing, store closings, store closures