Retailer Saks Incorporated SKS (“Saks” or the “Company”) today
announced that it plans to close its Saks Fifth Avenue store located in
Stamford Town Center in Stamford, Connecticut. The store is expected to close
in early 2014.
Approximately 80 associates are employed in the Stamford store. All affected
associates either will be offered transfer opportunities or will receive
appropriate employment separation packages. “Store closing decisions are never
easy,” continued Sadove. “We are very thankful for our Stamford associates,
many of whom have worked with Saks for a number of years. As always, we are
committed to providing our associates with needed assistance during this
time.”
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