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Highland Park's Saks Fifth Avenue store will close this year on December 31, making this holiday season their last. The closure means about 60 will lose their jobs if not offered opportunities to transfer and the 12-year-old, 49,000-square-foot store will remain vacant until Renaissance Place's management can secure more tenants. Tribune reports that there will be announcements coming in the next few months regarding new tenants but will not include a store large enough to fill the void left by Saks. There is a plan the mall plans to execute in the coming year intended "to create an alternative to the larger retail malls", however details right now are sketchy.
· Saks to Close Highland Park Store [Tribune]
· Saks Fifth Avenue [Official Site]