Saks will close"a few stores" that are underperforming and haveexpiring leases, according to CEO Stephen Sadove speaking at arecent investor conference. Saks will not be breaking any leasesbecause of the high costs that process involves, he says.Sadovedidn't specifically name any stores it will shut, but yesterday thecompany announced that it will close two stores in Portland, OR's Pioneer PlaceMall, which is operated by General Growth Properties.Saks hasn't felt the sales gains that luxury peers suchas Nordstrom and others felt during the fourth quarter. Same-storesales during its Q4 fell 4.8%, and the retailer posted aloss.Butanalysts actually upgraded Saks recently because itsresults are improving from more dismal sales. Are these storeclosings a case of "right sizing" that will eventually make Saksstronger?ALSO:A.C. Moore's Sorry Picture: No Gain, More Pain

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