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Despite narrowing its losses in the second quarter this year, Saks Fifth Avenue will be going ahead with two planned upcoming store closures. Last month the department store closed in Portland, OR; San Diego, CA; and Charleston, SC. The Saks Fifth Avenue stores in Plano, TX, and Mission Viejo, CA, will close soon. Racked reported yesterday that Forever 21 is ready to take over the 94,000 square foot space that Saks is about to vacate at Mission Viejo. [WWD]