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Saks to Close Two Stores, More TK

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Saks Fifth Avenue announced today that it plans to close two stores in Portland, Oregon, and CEO Stephen Sadove told investors of the possibility that the company will shutter "a few stores" this year in addition. The Portland men's store and main store will close in April and July, respectively. "Over time there may be a few of these stores that fall into that [category]," Mr. Sadove said. [WSJ]