Saks Closing Ala. Mall Store

The Montgomery Mall Parisian location will give way to the crosstown Eastdale Mall store.
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Saks

(SKS)

will close a Montgomery, Ala., store in March.

The Birmingham, Ala., company said the 113,000-square-foot Parisian store is located in the Montgomery Mall. Parisian employs 90 associates there. They will be offered transfer opportunities or severance packages, Saks said.

"Montgomery remains an important market for Parisian, and we believe we can continue to serve our many loyal area customers with our larger, 130,000 square foot Eastdale Mall location," said Parisian chief Toni Browning. "We now will be able to focus more resources on our Eastdale Mall store so that we can further enhance our merchandise and service offerings there."

The company owns the Parisian Montgomery Mall store and has not determined plans for the location following closing.

On Wednesday, shares of Saks rose 39 cents to $17.15.