Retailer Saks Fifth Avenue Enterprises, part of the Saks Incorporated group, is to close its Saks Fifth Avenue store at the Country Club Plaza in Kansas City, Missouri, by the end of February 2005.

The store's 120 employees will either be offered transfers or will receive appropriate severance packages.

Fred Wilson, chairman and chief executive officer of Saks Fifth Avenue Enterprises, said the decision was a "difficult" one.

He said that the announcement was part of the company's programme of rationalising its real estate portfolio in order to concentrate on bigger and better performing units.

Saks Fifth Avenue Enterproses recently announced plans to close nine other Saks Fifth Avenue stores and three Off 5th locations.