More bad news Saks Fifth Avenue.
After shutting down both the Portland and San Diego locations in May, the luxury department store has decided to close the Saks in Southampton as well as their Off 5TH in Reno.
Saks CEO Steve Sadove explained:
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.
Wonder which stores are next???
[Image via AP Images.]