Rendering: Saks Fifth Avenue.
According to the Ottawa Tanger Outlets website, Saks Fifth Avenue Off 5th will anchor the new Ottawa outlet centre. According to staff at Tanger, Saks’ discount store could open as early as this spring.
Tanger’s website indicates that Saks Off 5th will occupy the mall’s largest space, unit 750. Lease plans provided by RioCan REIT indicate that at least one more anchor space is available, with some speculating that Nordstrom Rack will join Saks in the Ottawa outlet centre in 2017.
Off 5th is the discount division of luxury department store Saks Fifth Avenue. Off 5th locations are typically in the 20,000 to 35,000 square foot range. According to Hudson’s Bay Company CEO Richard Baker, as many as 25 Off 5th locations could open in Canada over the next several years.
Saks Fifth Avenue, itself, plans to operate as many as seven Canadian stores. Two Toronto locations are already confirmed: a 150,000 square foot store within Hudson’s Bay at Toronto Eaton Centre, as well as a 130,000 square foot location at Sherway Gardens. Both will feature 25,000 square foot food halls operated by upscale grocer Pusateri’s.
Hudson’s Bay Company declined to provide comment for this article, or to confirm details of this or other Saks Off 5th store openings.
Ottawa’s Tanger Outlets opened in October of 2014. The 350,000 square foot centre features about 75 retailers.
We’ll update you when we learn more on Saks Fifth Avenue Off 5th Canadian store expansion.
Today’s Retail News From Around The Web: January 20, 2015
Would love to see one come to the Tanger Outlets at Cookstown, ON!
This store will do well everywhere!!! Its a blessing for Hudsons and Nordstrom that target is closing. Their outlet stores will do well in most locations. Whats the competition winners and marshalls? I think most people are rather bored with W&M.
Its very cleaver of Hudsons Bay to roll out "off 5th ave" before Nordstrom launches "Nordstrom Rack". Maybe now Target is closing Hudsons can snatch up a few locations in the more posher malls and open a few free standing "saks fith ave" rather than slice open and build within their own locations.