Headlines

Saks’ First Two Canadian Locations Announced

HBC will sell, then covert, its downtown Toronto flagship

Published

11 years ago

January 28, 2014

steve kaufman

Hudson's Bay Co. Ltd. (Toronto) has announced it will sell its flagship downtown Toronto store and open a full-line Saks Fifth Avenue store in space.

It’s one of two Canadian Saks locations the company has announced.

Cadillac Fairview Corp. (Toronto) will buy the store, and adjoining office space, for $587 million and lease it back to Hudson’s Bay for a 150,000-square-foot, multi-level Store that is expected to open in the fall of 2015, according to Reuters Canada.

The retailer has also agreed to lease space for a full-line store in Toronto's Sherway Gardens mall.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design