Toronto — Saks Fifth Avenue OFF 5TH has revealed its first three store locations in Canada as it prepares to enter the Canadian marketplace in 2016. Three Ontario cities — Ottawa, Niagara-on-the-Lake, and Vaughan (just north of Toronto) — will welcome Saks Fifth Avenue OFF 5TH stores in spring 2016. This announcement identifies the first of up to 25 locations that Saks Fifth Avenue OFF 5TH plans to open nationwide.
The 28,000-square-foot Saks Fifth Avenue OFF 5TH Ottawa will be located at Tanger Outlets in Kanata. As the first outlet mall in area, the center is expected to be a great location to introduce the OFF 5TH brand to the Ottawa market.
Strategically located by the QEW in Niagara-on-the-Lake, Outlet Collection at Niagara will be home to the 32,500-square-foot Saks Fifth Avenue OFF 5TH. The Niagara market has already proven to be strong for OFF 5TH, with a location on the U.S. side of the Niagara Falls border as well that was opened in 2014, replacing an old-format store in the same shopping center. Not yet open a year the center has already begun its first expansion, further confirming its success in the market.
Located at Vaughan Mills, another new 35,000-square-foot Saks OFF 5TH location will cater to the Greater Toronto Area. A designated tourist attraction, Vaughan Mills welcomes approximately 13 million visitors a year and captures the best attributes of a super-regional center, an outlet center and an entertainment venue.
In October 2014, Vaughan Mills completed an expansion project adding 50 new stores to its retail mix for a total of 1.3 million square feet.
“We are extremely excited to be growing the Saks Fifth Avenue OFF 5TH brand by opening our doors to the fashionable residents of Canada,” says Jonathan Greller, president of outlets, HBC.
The Canadian stores will align with the redesigned Saks Fifth Avenue OFF 5TH aesthetic, featuring an open and modern modular layout, in an easy-to-shop ‘treasure hunt’ environment.
Vaughan Mills and Outlet Collection at Niagara are owned and managed shopping centers of Ivanhoé Cambridge Inc. Tanger Outlets is co-owned by Tanger Outlet Factory Centers, Inc. and RioCan Real Estate Investment Trust.
Part of the Hudson’s Bay Company brand portfolio, Saks Fifth Avenue OFF 5TH has 81 stores. Hudson’s Bay Company, founded in 1670, is North America’s oldest company. Its banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH. Hudson’s Bay is Canada’s most prominent department store with 90 full-line locations and two outlet stores.
SOURCE: Saks Fifth Avenue OFF 5TH