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Saks Closes Stores in Illinois

5/26/2005

New York, Two Saks stores in Skokie, Ill., will close at the end of July, announced Saks, Inc. today. One 72,000-sq.-ft. Saks and a 33,000-sq.-ft. Off 5th outlet in the Old Orchard Shopping Center in Skokie will close due to low productivity.

Together, the two stores employ 120 people. Saks said the workers will either be offered a chance to transfer or will receive a severance package.

The company will continue to operate its metropolitan Chicago Saks Fifth Avenue stores on Michigan Avenue and in Highland Park.

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