Saks Inc. said Tuesday it plans to close its Saks Fifth Avenue stores at Pioneer Place Mall in Portland, Oregon. Saks will close the men's store in April and shut the main store in July. About 100 employees will be affected by the move. The decision is in line with Saks' strategy to focus resources on productive stores, Chief Executive Steve Sadove said in a statement.
In a 140 character announcement, Portland's mayor Sam Adams blames the exit on an ending lease and tough times "all over."
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