Oregon Public Broadcasting

Saks Fifth Avenue's main retail store in Portland's Pioneer Place Mall will close at the end of July. The men's store will shut down at the end of April. The store closing means the loss of about 100 jobs.In a statement released Tuesday, Saks CEO Stephen Sadove said, "The planned closing of the Portland store is consistent with our strategy of focusing our resources on our most productive stores." Portland Mayor Sam Adams has released a statement saying city officials knew the closing was a possibility.  They have been working to lure possible replacement retailers. 

 He said, "we expect to announce within the coming weeks and months new retails offerings at Pioneer Place."