New York City and Calgary, Alberta (Canada) — Saks Fifth Avenue plans to open its third Canadian location, in Calgary, Alberta. Expected to open in January 2018, the 115,000-square-foot, two-level location will be part of CF Chinook Centre, a Cadillac Fairview property. The new store will feature a modern and authoritative merchandise assortment. In addition to its elevated assortment, the new location will offer a full service Fifth Avenue Club, complete with private suites and personal shopping consultants.
“Following our incredibly successful entry into Canada earlier this year, we are excited to bring Saks Fifth Avenue to Western Canada in 2018. Our strategy is to opportunistically open new stores where we have the customer, the right location, and [where] we are able to deliver a consistent Saks brand edit, focused on modern fashion. Calgary, specifically the CF Chinook Centre, fits these criteria and is a logical next step in our Canadian expansion,” says Marc Metrick, president, Saks Fifth Avenue.
Saks Fifth Avenue two full-line stores in Canada opened in February 2016 at CF Toronto Eaton Centre and CF Sherway Gardens.
As part of the Hudson’s Bay Company brand portfolio, Saks Fifth Avenue operates 40 full-line stores in 22 states and Canada, five international licensed stores and saks.com.
Hudson’s Bay Company is one of the fastest-growing department store retailers in the world. Founded in 1670, HBC is the oldest company in North America. HBC’s portfolio today includes 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with more than 460 stores around the world.
In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, and Saks OFF 5TH, along with Find @ Lord & Taylor and Home Outfitters.
Cadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America. The company also invests in retail, mixed-use and industrial real estate in Brazil, Colombia and Mexico. Valued at more than $29 billion, Cadillac Fairview owns over 38 million square feet of leasable space at 72 properties in Canada, including landmark developments, such as Toronto-Dominion Centre, CF Toronto Eaton Centre, CF Pacific Centre and CF Chinook Centre.
SOURCE: Hudson’s Bay Company and Cadillac Fairview