REAL ESTATE

Saks to close Stamford, Conn., store

BY Katherine Boccaccio

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.

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REAL ESTATE

Cabela’s to open Outpost store in Waco, Texas

BY Staff Writer

Sidney, Neb. — Cabela’s Inc. announced plans to open a 42,000-sq.-ft. Cabela’s Outpost store in Waco, Texas.

Construction is scheduled to begin this spring and doors are expected to open this fall. It will be the company’s fourth store in Texas, joining the Fort Worth, Buda and Allen locations.

Cabela’s Outpost format is designed for efficiency, flexibility and convenience at approximately 40,000-sq.-ft. It features seasonal product assortments and a rugged, outdoor look and theme, including trophy wildlife displays.

Currently, Cabela’s operates 41 stores across the United States and Canada with plans to open an additional 14 by the end of 2014. The company opened its first Cabela’s Outpost store in Union Gap, Wash., in October 2012. It also opened a Cabela’s Outpost store in Saginaw, Mich., today.

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Report: Apple to relocate 20 stores

BY Staff Writer

New York — Apple Inc. will shut down 20 stores and move them to new, larger locations, according to the Los Angeles Times.

Tim Cook, CEO of Apple, said that the company is looking to relocate the stores in order to make them larger.

The company also will open 30 additional stores at new locations, mostly outside the United States, including its first location in Turkey.

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