Photo: www.mr-mag.com
Saks Fifth Avenue‘s off-price retail concept, Saks OFF 5TH has revealed three more Canadian locations, adding to four that it announced earlier this year. Located in Montreal, Toronto and Ottawa, two of the stores will be in outlet malls and one will be downtown. Saks says it plans to operate up to 25 Canadian OFF 5TH locations by the year 2018.
Last spring, Saks announced that it would open locations at Tanger Outlets in Ottawa, Vaughan Mills in Toronto and Outlet Collection at Niagara in Niagara-on-the-lake, ON — all slated to open spring 2016. It subsequently announced the fall 2016 opening of a store at CrossIron Mills in Calgary.
Rendering: HBC
Rendering: HBC
Saks has now revealed that a second Ottawa OFF 5TH location, set to open in the fall of 2016, will locate within the downtown Hudson’s Bay flagship. Located at 72 Rideau Street, the Saks OFF 5TH store will measure about 33,000 square feet. The Hudson’s Bay store is also undergoing extensive renovations. It is significant that two Ottawa locations have now been announced, as we can deduce that similarly-sized markets could see more than one Saks OFF 5TH in Canada, including cities such as Edmonton and Calgary.
Saks OFF 5TH will also open in two top Canadian outlet malls — a 25,000 square foot location at Toronto Premium Outlets, and a 26,000 square foot store at Premium Outlets Montreal. Both will involve converting existing Hudson’s Bay Outlets to OFF 5TH outlets. The Toronto location will open in the spring of 2016, and an opening date has yet to be set for Montreal.
Canadian Retail News From Around The Web: November 24, 2015
