Department Stores

Growth Plans for Saks’ OFF 5TH

Five new stores are slated to open next year

Published

13 years ago

August 30, 2011

VMSD Staff

New York-based Saks Inc. announced its Saks Fifth Avenue OFF 5TH division will add five new stores in 2012. This expansion is part of a long-term growth opportunity for Saks Fifth Avenue OFF 5TH. The new stores will be located in upscale outlet, lifestyle, or strip centers, and each store will be designed in OFF 5TH's “luxury in a loft” format.

“There are numerous opportunities for new OFF 5TH stores throughout the country,” says Robert Wallstrom, president of Saks Fifth Avenue OFF 5TH. “We will carefully weigh our options and open in select new markets that we believe have the greatest demand for our distinct merchandise offerings.”

The new locations will include outlets in Merrimack, N.H., Syracuse, N.Y., Livermore, Calif., Grand Prairie, Texas, and Nashville.

The stores will feature an open air loft-like environment and will range from 25,000 to 28,000 square feet. All fixtures will be on casters, ensuring easy movement and all hardware will be interchangeable between fixtures.

Saks operates 59 OFF 5TH stores in 24 states.

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