A move for a very simple reason

Belk buys Parisian; Saks moving to N.Y.

Look, nobody works in the corporate offices of Saks Fifth Avenue to work in Birmingham. I mean, be reasonable. So they figured out that the way to get out of town and to New York without the shareholders complaining about the cost was to sell the corporate offices! Together with the Parisian chain, but really it's just to get out of Birmingham. The new owners are going to start phasing out the Parisian name starting next year.