New York City — Saks Incorporated’s Saks Fifth Avenue OFF 5TH plans to continue to expand the company’s store portfolio with five new stores planned for 2012.
New York City — Saks Incorporated’s Saks Fifth Avenue OFF 5TH plans to continue to expand the company’s store portfolio with five new stores planned for 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 unique “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. “The further expansion of Saks Fifth Avenue OFF 5TH is an exciting step for us.”
Five new stores are slated to open in 2012. The new locations will include outlets in Merrimack, N.H.; Syracuse, N.Y.; Livermore, Calif.; Grand Prairie, Texas; and Nashville, Tenn. The Merrimack store will be the first Saks Fifth Avenue OFF 5TH in New Hampshire, and the store in Nashville will be a replacement store for the one lost in the 2010 flood in Tennessee.
“We look forward to being a part of the Nashville community again, and we are delighted to bring our stores to customers in the new markets,” says Wallstrom. The company recently opened new Saks Fifth Avenue OFF 5TH stores in Kansas City, Kan.; and Oklahoma City, Okla.; and plans to open stores in Charleston, S.C.; Northbrook, Ill.;, and Sugar Land, Texas (replacement store) later this year.
The stores will feature an open air loft-like environment and will range from 25,000 to 28,000 square feet. The layout offers maximized efficiency and flexibility, enabling easy change. The space will be bright, uncluttered with no hard aisles. Since its debut in 2008, this innovative store design has been well received and set a new standard in off price shopping.
Saks Fifth Avenue OFF 5TH is a part of Saks Incorporated, which also operates 46 Saks Fifth Avenue stores and saks.com.