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Younkers Inc., a unit of retailing giant Saks Inc., said last week it is closing its Des Moines headquarters and cutting as many as 270 jobs as it moves some marketing and other administrative functions to Wisconsin to save money
Younkers' merchandizing, advertising, marketing and some other support functions will be consolidated into the headquarters of Carson Pirie Scott & Co., a retail unit of Saks based in Milwaukee.
Another 25 jobs will be eliminated in Younkers' furniture warehouse and distribution center, both of which are located in Green Bay, Wis.
Saks said it expects to save $12 million a year from the changes, which are planned to be complete by Feb. 1. The company will take a charge of $10 million related to the reorganization.
"It's disappointing any time a...