Thursday, September 19, 2013

Saks to open seven new outlet stores in 2014

By Justine Griffin, Herald-Tribune / Thursday, September 19, 2013

Saks Incorporated announced plans to open seven new Saks Fifth Avenue Off 5th outlet stores next year, including one in South Florida.

Saks is the latest upscale retailer, behind Nordstrom and Neiman Marcus, to push forward with its outlet line instead of the full-line department stores. The Off 5th stores range in size from 25,000 to 28,000 square feet and will be modeled in the brand's "luxury in a loft" store design, according to a statement.

“We look forward to the continued expansion of the Saks Fifth Avenue Off 5th store base into new markets and to provide our customers with a state-of-the-art shopping environment,” said Robert Wallstrom, President of Saks Fifth Avenue Off 5th, in a statement. “The seven new stores are located in key communities and will be important additions to the company. We are excited to serve the customers of these communities with premium designer brands at an extraordinary value.”

The outlets are expected to open in the Palm Beach Outlets in West Palm Beach, Fla; The Outlets at Bloomfield in Pearl, Miss; Potomac Mills in Woodbridge, Va., Outlet Shoppes at Louisville/Lexington,Ky.; Twin Cities of Eagan in Minneapolis, Minn.; The Mayfair Collection in Mayfair, Wis.; Easton Gateway in Columbus, Ohio.

Saks Off 5th stores will sell merchandise for men, women and children, as well as jewelry, beauty items, shoes, handbags and sunglasses.

In celebration of the openings, each new store will host local launch festivities with special discounts and giveaways.


Saks Off Fifth and Other Discounters Figure Out How to do E-Commerce.

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