Saks to close Stamford, Conn., store

New York -- Saks Inc. announced Friday that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

The shuttering is part of the department store chain’s continued right-sizing strategy. “We routinely evaluate the productivity, profitability, and potential of each of our store locations,” said Steve Sadove, CEO. “This planned closing is consistent with our strategy of utilizing our resources in our most productive Saks Fifth Avenue stores.”

The company has operated its Saks Fifth Avenue store in Stamford since 1983.

 

Not surprised,

This Saks location was not up to par. The store is in poor condition and the merchandise was not very designer. The staff was always consistently rude. Along with these issues the store is a second anchor to a macys and located in a mall with a 50 percent occupancy rate.