Dave Rice 12:35 p.m., May 23
Saks Closing Fashion Valley Store
Retailer Saks Inc. said Monday (May 3) that is closing its Saks Fifth Avenue store in the Fashion Valley shopping center by July 17. The company statement indicated that the San Diego store was not one of the company's more productive ones. In March, the company said it would close its Portland, Oregon store in July. About 70 associates are employed in the store. They will be offered transfer opportunities or will receive appropriate severance packages, the company said.