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Saks To Close Another Store

(Filed Under Financial and General Interest News). Saks Incorporated has added its Charleston, SC freestanding location to the list of Saks Fifth Avenue stores it plans to close this July 17. The company also plans to close its Portland, Ore. and San Diego, Calif. locations that day.

The 33,000-square-foot Charleston store employs approximately 60 associates, who Saks will either transfer to other locations or give severance packages upon the store’s closure.

While the company is streamlining its full-line division, it seems to be honing in on its Saks Off 5th chain, which offers discounted prices. As previously reported in BODY, the company is planning to open four Off 5th stores by the end of this year.

Saks Incorporated currently operates 53 Saks Fifth Avenue stores and 55 Saks Off 5th stores.

more Financial and General Interest News >>

Published 05-17-2010 by Amanda Torres Price

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