Business
Saks Fifth Avenue Is Shrinking to Half the Number of Stores in Bankruptcy
Saks Fifth Avenue is shrinking to about half its size as it closes stores in a bid to emerge from bankruptcy.
Twelve Saks Fifth Avenue stores will be closed by the end of May, its parent company, Saks Global, said on Friday. The disclosure follows an initial review in February in which the company said it would close eight Saks stores.
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