New York -- Saks Inc. said Thursday that it will close its Highland Park, Ill., store, located in Renaissance Place, and its Austin, Texas, store, located in the Arboretum Market.
Both stores are slated to close on Dec. 31.
“We routinely assess the productivity, profitability, and potential of each of our stores and may conclude closings are necessary from time to time,” said Steve Sadove, chairman and CEO. “These planned closings are consistent with our strategy of employing our resources in our most productive locations.”
Impacted employees will be offered transfer opportunities or will receive appropriate employment separation packages, Sadove said.
The 49,000-sq.-ft. Highland Park store has been open since 2000, and the 52,000-sq.-ft. Arboretum Market store has been open since 1997.