Home / Knowledge / News / Apparel/Garments / Saks Fifth Avenue to close Southampton store in New York
Saks Fifth Avenue to close Southampton store in New York
Oct '10
Retailer Saks Incorporated, announced it plans to close its freestanding Saks Fifth Avenue store in Southampton, New York on October 9, 2010 and its Saks Fifth Avenue OFF 5TH store in The Legends at Sparks Marina in Reno/Sparks, Nevada on January 1, 2011.

"We routinely review the productivity, profitability, and potential for each of our stores and may determine it is appropriate to close a store from time to time," noted Steve Sadove, Chairman and Chief Executive Officer of Saks. "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."

Sadove continued, "We are very grateful for our dedicated associates in both of these stores. As always, we are committed to providing needed assistance to our affected associates during this period."

The Company closed its Saks Fifth Avenue stores in Portland, Oregon; San Diego, California; Charleston, South Carolina; and Plano, Texas earlier this year and, as previously announced, will close its Saks Fifth Avenue store in Mission Viejo, California later this month.

Approximately 35 associates are employed in the Southampton Saks Fifth Avenue store, and approximately 20 associates are employed in the Reno OFF 5TH location. All affected associates either will be offered transfer opportunities or will receive appropriate employment separation packages.

The Southampton store is the Company's smallest Saks Fifth Avenue location at approximately 15,000 square feet. The Reno OFF 5TH store is approximately 28,000 square feet.

Saks Incorporated currently operates 49 Saks Fifth Avenue stores, 56 Saks Fifth Avenue OFF 5TH stores, and saks.com.

Saks Incorporated

Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search