Create a new segment folder
Go to Audience > Segments.
Select Add a new folder.
For Folder name, enter a name for your new segment folder.
Select Add.
Move a segment to a folder
Go to Audience > Segments.
Select the check box for the segment you want to move.
Expand the More actions menu, and select Move segments.
Expand the Select location drop-down menu and choose the folder you want to move your segment to.
Select Move.
Delete a segment folder
Go to Audience > Segments.
In the left column, hover over the folder you want to delete, then select the trash can icon.
On the confirmation, select Delete.