Saks Fifth Avenue‘s off-price division Saks OFF 5TH has announced that it will open a second Edmonton location, after announcing a first location less than a month ago. Saks OFF 5TH will open about 25 locations Canada-wide before 2018.
The second Edmonton Saks OFF 5TH location will open at the Skyview Power Centre in the city’s northwest, near the affluent community of St. Albert. The 30,000 square foot store will open in a retail space currently occupied by Home Outfitters, which falls under the same Hudson’s Bay Company ownership umbrella as Saks. The Skyview Power Centre Saks OFF 5TH is expected to open in the spring of 2017, in partnership with landlord Triovest Realty Advisors Incorporated.
Last month, Saks announced that it would open a 31,900 square foot Saks OFF 5TH at Edmonton’s South Edmonton Common in September of this year. The Skyview Power Centre OFF 5TH is the 14th announced Canadian OFF 5TH location, and the third for Alberta — an OFF 5TH location is also scheduled to open at Calgary’s CrossIron Mills in September of this year.
Saks OFF 5TH opened its first Canadian stores in southern Ontario in March of this year.
Alberta will also see the opening of its first full-priced 115,000 square foot Saks Fifth Avenue store in January of 2018 at Calgary’s CF Chinook Centre. Sources at Hudson’s Bay Company say that they expect Calgary to be the only Alberta city to have a full-priced Saks store. Saks Fifth Avenue opened its first two Canadian stores in February of this year in Toronto (CF Toronto Eaton Centre and CF Sherway Gardens) and a Vancouver store announcement is expected soon, according to sources at Hudson’s Bay Company.
Canadian Retail News From Around The Web: June 8, 2016
Hi. Do you have any guesses as to where in Vancouver the store will be? Oakridge’s old Target location perhaps?
This company is starting to look more and more like HBC for some reason.