Saks Fifth Avenue/Hudson’s Bay Company have announced that off-price Saks OFF 5TH will open its second Lower Mainland location in affluent West Vancouver, at Park Royal shopping centre. The 33,000 square foot Saks OFF 5TH is scheduled to open in the summer of 2017.
The store will be located in the mall’s ‘Park Royal North’ component, which is anchored by Hudson’s Bay (see floor plan below).
“We’re excited to bring Saks OFF 5TH to metro Vancouver and open in one of the area’s premiere shopping destinations,” said Jonathan Greller, President Saks OFF 5TH and Gilt. “Saks OFF 5TH Park Royal will join the company’s store in Tsawwassen Mills as the second store in the market.”
(Saks OFF 5TH will be located in ‘Park Royal North’. Click image above for PDF Park Royal mall floor plan)
(Rendering: Park Royal)
Park Royal is the second-largest mall in British Columbia, with over 200 stores, restaurants and services. It is located across the iconic Lion’s Gate Bridge from Stanley Park and Downtown Vancouver, and features indoor and outdoor shopping components. La Maison Simons opened its first BC store in the mall in October of 2015 and recently, the mall saw the openings of Loblaws City Market and a Steve Nash Sports Club. The mall is owned and managed by Larco Investments.
Park Royal marks the 17th confirmed Saks OFF 5TH location in Canada, with nine of those stores already being open. The Hudson’s Bay Company plans to open/operate 25 Canadian Saks OFF 5TH locations by 2018 — the same year that Nordstrom Rack will enter Canada.
Canadian Retail News From Around The Web: December 14, 2016
