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Saks Fifth Avenue closing free-standing men’s store on Michigan Ave.

Updated: March 27, 2013 11:50AM

After almost 15 years in business, Saks Fifth Avenue men’s store on North Michigan Avenue is closing.

But if you’re wondering how far you’ll have to go to pick up a $765 pair of Jimmy Choo sneakers or perhaps a $275 Dolce & Gabbana Tee, the answer is: not very far.

The men’s store, which is set to close in January 2014, is going to be folded into the Saks department store across the street, a company spokeswoman said Wednesday.

“It’s a big investment for the company — we’re building a state-of-the-art men’s store,” said Julie Saunders, director of marketing.

The store is moving because Saks’ lease is up at its 717 N. Michigan location, Saunders said.

The new, bigger men’s store will occupy the sixth and seventh stories of the departments store. Saks is putting in a restaurant on the seventh floor and an express elevator as part of the remodel, but Saunders had no details about the kind of eatery planned.

Saunders said the move won’t result in any layoffs.

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