Tagged: retail

High-end retailer Saks Incorporated announced that it plans to close its Saks Fifth Avenue stores located in Austin’s Arboretum Market at the end of the year.

Approximately 64 associates are employed in the Austin store. The retailer says all affected associates either will be offered transfer opportunities or will receive employment separation packages. Saks will also be closing down a location in Highland Park, Illinois.

“Store closing decisions are never easy,” Saks Chairman and Chief Executive Officer Steve Sadove says in a statement. “We are very appreciative of our many loyal associates in both the Highland Park and Austin Saks Fifth Avenue stores, and we are committed to providing them with needed assistance during this period.”

UPDATE: This blog post was updated on July 16 to include that NPR also sells shirts through Urban outfitters.

It's not difficult to find an Urban Outfitters store these days, but it's understandable that if you don't have a 16-year-old daughter, a penchant for owl-shaped drawer pulls or a belief that you look great in scarves, you may never set foot in one.

Sprouts Farmers Market is closing three locations in Austin: the stores at 2917 W. Anderson Lane, 2805 Bee Cave Road and 5601 Brodie Lane. All stores will be closed by December 18, a Sprouts spokesperson confirmed.

The company that manages most of the retail space in the Second Street District downtown says it expects to reach a high water mark this year. AMLI Residential says 80 percent of the square footage is currently rented, and that should grow to 92 percent "by the end of the second quarter," according to AMLI retail manager Carrie Holt.