Saks Shuts Downtown Store in Cutthroat Manhattan Retail Wars
A pedestrian carries a Saks Fifth Avenue Inc. shopping bag while walking on Fifth Avenue in New York, U.S. (Photographer: Victor J. Blue/Bloomberg) 

Saks Shuts Downtown Store in Cutthroat Manhattan Retail Wars

(Bloomberg) -- For department stores, the fight for New York is fiercer than ever.
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