DALLAS - Saks Fifth Avenue is closing its 170,000-sf store at the Galleria. The store has 120 employees and Saks said all employees will either be offered transfers or will receive employment separation packages.
Since the recession, Saks has been aggressively closing unprofitable stores including a store in Austin in 2012. Saks was an original tenant at the Galleria when it opened in 1982.
Charlotte, N.C.-based Belk Inc. will open in the three-level space in spring 2014 after a major remodel.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.