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20 Saks to Close

By Danica Lo

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Saks Fifth Avenue announced that they will be closing 20 of their 53 stores "over time." The company announced earlier this year that they would close two stores in Oregon. The company owns 29 of its 53 stores outright, with no mortgages or liens. [WWD]

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