Sachs announced that their long -time presence in a major city has finished its end – and shoppers left only a few months.
Saks Fifth Avenue Street will be closed soon in 172 Worth Avenue in Palm Beach, Flordia.
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The decision to close the luxury retail seller, who was open in Florida Since 1926, it was reported by back in October 2024.
Volatile shopping habits are believed to hurt me even the most powerful retail companies, which is a large factor in the closure of Sachs.
Orin Rosenfeld from Rosenfeld Realty Advisors in Boca Raton, FloridaHe said in an interview in 2024 that the stores “are on the dinosaur road.”
Jobs will be presented to employees if they are available in two other stores in Palm Beach Province, according to retail sources.
“We are committed to treating every colleague with respect and integrity through the process,” said a spokesman.
Saks will officially close the Wort Avenue website on April 16, 2025.
This gives shoppers a little more than two months to enjoy it before it goes forever, and it will not be reopened elsewhere in the Palm Beach area.
Sachs hope to maintain the presence of the island through the personal shopping service known as the Fifth Avenue Club.
It will provide personal shopping and personal design services at the hotel starting from autumn.
SAKS cooperates with White Elephant Hotel in Palm Beach for the project, according to a spokesman for Sachs Vivath Avenue.
Despite the closure, Sachs recently made some major moves.
In July 2024, Sachs announced plans to gain Niman Marcus for $ 2.65 billion.
This offer aims to enhance wealth luxury Trade brands.
Sachs is not the only store that faces problems in the Palm Beach area.
In 2017, the MACY store was closed at Cityplace at West Palm Beach, along with 67 others across the country.
Messi was at the Bointon Beach Center for 37 years.
At that time, Messi cited the decline in sales caused by online shopping and retail traditions in fast fashion as a reason.
Sachs is the last store in Palm Beach County along the coast.
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