Saks Inc. to consolidate operations
October 1, 2002,
Milwaukee — Saks Inc. announced today a streamlining of its organizational structure that will result in the elimination of approximately 300 jobs.
Looking to cut expenses, the company plans to consolidate its Younkers home office operations from Des Moines, IA, into its Carson Pirie Scott headquarters here. The consolidation will eliminate nearly 270 jobs at the Younkers home office and some 25 positions in the furniture warehouse and its distribution center in Green Bay, WI.
The company said the majority of stores will continue to operate under the Younkers nameplate, with the exception of a few markets where overlap exists and the name may be changed. The consolidation is scheduled for completion in the fiscal fourth quarter ending Feb. 1.
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