NEW YORK--(BUSINESS WIRE)--Saks Fifth Avenue announces plans to open a 21,000 square-foot store, providing a new destination for Jewelry and Contemporary Women’s Ready-to-Wear in the Greenwich area. The new location at 200 Greenwich Avenue will be in addition to the stand-alone 10022-SHOE store and existing Saks Fifth Avenue in downtown Greenwich.
“Opening a third Saks Fifth Avenue store will cement our position in this important market,” commented Marc Metrick, President of Saks Fifth Avenue. “I’m so excited to even further expand our offerings for the Greenwich customer.”
With the introduction of a third location in Greenwich, Saks Fifth Avenue will expand the space dedicated to its highly productive women’s designer ready-to-wear assortment in the existing store. The upper level will see changes to its current layout, including creating increased space for vendor shops. A private fine jewelry viewing room will also be added to enrich the overall customer experience.
“With three locations within easy walking distance of each other, I'm thrilled that we'll be able to serve our Greenwich customers better than ever before,” added Metrick. “I am passionate about our core strategy of category dominance - providing a better, more authoritative assortment that allows Saks to be bigger than any one brand - and this additional space in Greenwich furthers our mission to do just that.”
The new Saks Fifth Avenue location will reside across from the existing store that opened in 1997.
ABOUT SAKS FIFTH AVENUE
Saks Fifth Avenue, one of the world’s pre-eminent specialty retailers, is renowned for its superlative American and international designer collections, its expertly edited assortment of handbags, shoes, jewelry, cosmetics and gifts, and the first-rate fashion expertise and exemplary client service of its Associates. As part of the Hudson’s Bay Company brand portfolio, Saks operates 38 full-line stores in 22 states, five international licensed stores and saks.com, the company’s online store.
About Hudson’s Bay Company
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. Founded in 1670, HBC is the oldest company in North America. With the recent completion of its acquisition of GALERIA Kaufhof Group, HBC’s portfolio today includes eight banners, in formats ranging from luxury to better department stores to off price, with more than 460 stores and 65,000 employees around the world.
In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Saks OFF 5TH, along with Home Outfitters. In Europe, its banners include GALERIA Kaufhof, the largest department store group in Germany, Belgium’s only department store group Galeria INNO, as well as Sportarena.
HBC has significant investments in real estate joint ventures. It has partnered with Simon Property Group Inc. in HBS Global Properties Joint Venture, which owns properties in the United States and Germany. In Canada, it has partnered with RioCan Real Estate Investment Trust in the RioCan-HBC Joint Venture.
