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Saks Closing Denver Store

By JCK Staff
Posted on January 10, 2011
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Saks Inc. will close its Saks Fifth Avenue store in the Cherry Creek Mall in Denver on March 19.
 
With the closing of the Denver store, the company will have closed seven Saks Fifth Avenue stores since July 2010, including stores Mission Viejo and San Diego, Calif.; Southampton, N.Y.; Portland, Ore.; Charleston, S.C.; and Plano, Texas.
 
“We routinely assess the productivity, profitability, and potential for each store in our portfolio and may conclude a closing is appropriate from time to time,” Steve Sadove, chairman and chief executive officer of Saks, said in a statement. “Our strategy is to deploy our resources in our most productive stores and to close underperforming stores, when feasible.”

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