– SAKS TO SHUT STORE: Saks Fifth Avenue said Monday that it will close a 73,000-square-foot leased store in the Galleria Mall in Fort Lauderdale, Fla., on July 20. The company operates 10 other Saks stores in Florida, which has been hit hard by the implosion in the housing market. About 60 associates work in the Fort Lauderdale store and they will be offered transfers or will receive severance packages. Stephen I. Sadove, Saks chairman and chief executive officer, said, “We will make every effort to provide needed assistance to our associates.” The last Saks Fifth Avenue store to close was in Palos Verdes, Calif., in 2006. Saks Inc. operates 54 Saks Fifth Avenue stores, 48 Saks Off 5th stores, saks.com. and Club Libby Lu specialty stores.
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– TARRANT LOSS SHRINKS: Tarrant Apparel Group on Monday reported a first-quarter loss of $253,000, or 1 cent a diluted share, compared with a loss of $1 million, or 3 cents, in the year-ago period. A charge of $848,000 was included in the company’s selling, general and administrative expenses for the liquidated damages imposed by U.S. Customs on two of the firm’s overseas vendors. The vendors are no longer in business. Sales for the quarter fell 10 percent to $50.5 million from $56.1 million last year. Tarrant was hurt by deeper discounts and allowances given to retailers as a result of the economic slowdown, the company said. “We continue to operate in a difficult environment, as retailers continue to face many of the challenges created by a slowing economy and high energy prices,” said Gerard Guez, chairman and interim chief executive officer.
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– BLUE HOLDINGS CHANGES: Blue Holdings Inc., the premium denim and sportswear company that owns brands such as Antik Denim and Taverniti So Jeans, said Eric R. Hohl, former chief financial officer of golf apparel maker Ashworth Inc., joined the company in the same position, effective Monday. Hohl replaced Larry Jacobs, who has left the firm. Hohl also worked on the management teams for apparel companies Billabong and Mossimo Inc. Blue Holdings also said Keith B. Hall, the former cfo of Lending Tree Inc., replaced Harry Haralambus on the board.