New York City — Hudson’s Bay Company plans to open a 16,750-square-foot Saks Fifth Avenue Men’s Store at Brookfield Place in downtown Manhattan in spring 2017.
Located at 250 Vesey Street, the Saks Fifth Avenue Men’s Store will showcase the retailer’s updated strategy for its men’s business. The store will feature special services and amenities, including bespoke tailoring and personal shopping programs; expansive views of lower Manhattan; and a design emphasizing experiential shopping.
“Building a freestanding Saks Fifth Avenue Men’s Store at the crossroads of the U.S. Financial Market and New York City’s burgeoning downtown fits perfectly with our vision to expand our leadership position in the luxury space,” says Marc Metrick, president, Saks Fifth Avenue. “We look forward to creating a tailored experience for our customers in a dedicated environment, filled with authoritative merchandising assortments.”
Hudson’s Bay Company previously announced its plans to open an 85,000-square-foot Saks Fifth Avenue store, which will anchor the northern end of the Brookfield Place complex when it opens in summer 2016. This location will not carry men’s fashions, and will instead focus on creating dominant merchandising statements for women’s categories. Additionally, the company plans to consolidate its U.S. headquarters at Brookfield Place by August 2016.
Founded in 1670, Hudson’s Bay Company is one of the fastest-growing department store retailers in the world, based on its successful formula of driving the performance of high quality stores and their all-channel offerings, unlocking the value of real estate holdings and growing through acquisitions. In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Saks OFF 5TH, along with Find @ Lord & Taylor and Home Outfitters.
SOURCE: Saks Fifth Avenue