The iconic Saks Fifth Avenue store on Chicago’s Magnificent Mile is one of several locations across the U.S. now set to shutter, the company said in an announcement of a second round of closures on Friday.
Saks Global announced the closure of the Saks Fifth Avenue store on Michigan Avenue as part of a “planned optimization across its store portfolio” that also includes shuttering 19 other Saks Fifth Avenue stores and 4 Neiman Marcus stores across the country.
“Our go-forward store portfolio will comprise the best performing and most desirable locations in markets with the highest concentration of luxury customers, enabling us to deepen loyalty and drive sustainable growth,” said Geoffroy van Raemdonck, Chief Executive Officer of Saks Global. “With a refined footprint, we are creating a stronger platform for our brand partners and an even more compelling customer experience as we focus on investing in the luxury experience, sharpening the differentiation of our coveted banners and fully leveraging our prime owned and other retail locations.”
The announcement comes after the company Sax Global said on Feb. 10 that eight Saks Fifth Avenue stores and one Neiman Marcus store across the U.S. would also close.
The Michigan Avenue location is the only store in Illinois included in the list of closures.
Here’s a look at the stores included in their latest announcement of closures:
Saks Fifth Avenue locations:
Michigan Avenue in Chicago, Illinois Beachwood Place in Beachwood, Ohio Wisconsin Avenue in Chevy Chase, Maryland South Coast Plaza in Costa Mesa, California Las Vegas Boulevard in Las Vegas, Nevada Long Island in Huntington Station, New York The Gardens on El Paseo in Palm Desert, California Triangle Town Center in Raleigh, North Carolina North Star Mall in San Antonio, Texas The Mall at University Town Center in Sarasota, Florida Plaza Frontenac in St. Louis, Missouri Tysons Galleria in Tysons, VirginiaNeiman Marcus locations:
Ala Moana in Honolulu, Hawaii Topanga in Canyon Park, California Westchester in White Plains, New YorkHence then, the article about saks fifth avenue to shutter iconic mag mile location was published today ( ) and is available on NBC Chicago ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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