41 employees to be affected by Saks Fifth Ave closure in Polaris

· Cleveland, Ohio Local News · By ReportWire

COLUMBUS, Ohio — As a result of Chapter 11 bankruptcy restructuring, 41 employees at Saks Fifth Avenue in Polaris are losing their jobs. 

What You Need To Know

  • The operator of Saks Fifth Avenue and Neiman Marcus said that it will close eight Saks Fifth Avenue stores as well as its Neiman Marcus Boston store

  • The goal is to focus on its most profitable businesses
  • All employees at the Polaris location will be let go between April 11 to April 30

The operator of Saks Fifth Avenue and Neiman Marcus said that it will close eight Saks Fifth Avenue stores as well as its Neiman Marcus Boston store as it focuses on its most profitable businesses and pares down debt.

Among the cities affected by the closures include Columbus. 

The entire Polaris facility is set to close, and all employees will be let go between April 11 to April 30. The closure is expected to be permanent, according to a WARN Notice. 

Saks Global also said Tuesday it will be winding down 14 standalone Fifth Avenue Club personal styling suites on Saturday, though it will keep three standalone sites. It also will close its home site called Horchow.com, a business that Neiman Marcus acquired in the late 1980s. As of Feb. 19, shoppers will be redirected to the home category on NeimanMarcus.com, where they will find the full assortment previously available on Horchow.com.

The Associated Press contributed to this article.

Lydia Taylor

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