New York -- Saks Inc. says it plans to close its Saks Fifth Avenue store in WestShore Plaza in Tampa, Fla., on May 4.
Steve Sadove, chairman and CEO of Saks, commented: “This planned closing is in line with our strategy of using our resources in our most productive Saks Fifth Avenue stores. We regularly assess the productivity, profitability, and potential of each of our stores and may determine that a closing is appropriate from time to time.”
The retailer has operated its Saks Fifth Avenue store in Tampa since 1998. The company operates nine other Saks Fifth Avenue stores throughout Florida, including a store in nearby Sarasota. It plans to open a new Saks Fifth Avenue store in Sarasota’s Mall at University Town Center in 2014.
Saks also operates seven Saks Fifth Avenue Off 5th outlet stores throughout the state.