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Saks Closing Denver Store

Saks Closing Denver Store

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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