Advertisement
Advertisement

Saks OFF 5TH Announces 2 More Canadian Stores

Retail industry news delivered directly to you. Subscribe to Retail-Insider.

Hudson’s Bay Company’s off-price retail concept Saks OFF 5TH has announced two more Canadian stores, both set to open in 2018. The retailer plans to operate about 25 Canadian stores by the end of 2018, and it’s well on its way towards that goal. 

In 2018, Saks OFF 5TH will open stores in suburban Toronto and Calgary, both within Cadillac Fairview-managed shopping centres. A 27,000 square foot Saks OFF 5TH will open at CF Markville centre in Markham, north of Toronto, and a 26,600 square foot location will open at Calgary’s CF Market Mall next year, as well. 

Saks OFF 5TH is aggressively expanding nationally. This week, it opened two stores in suburban Toronto — at Pickering Town Centre, and at Bramalea City Centre. This spring as well, Saks OFF 5TH will open stores in Winnipeg, Edmonton and Quebec City, as discussed in detail in an article last month. When all five are open by this May, Saks OFF 5TH will have opened 14 stores in Canada — an impressive number, considering that its first Canadian stores opened about 12 months ago. 

Saks OFF 5TH typically locates its US locations in outlet centres as well as freestanding units, which is a slightly different strategy than what we’re seeing in Canada. Both CF Markville and CF Market Mall are considered to be traditional shopping centres, and Saks OFF 5TH has also announced a number of other stores to open in mainstream malls in this country. 

Nordstrom Rack will enter Canada in early 2018 with its first Canadian stores, with plans to operate between 10 and 15 Canadian stores. TJX-owned Winners and Marshalls also continue to open stores in Canada, as the off-price market sees unprecedented competition in this country. 

*Top photo via South Edmonton Common

Article Author

Craig Patterson
Craig Patterson
Located in Toronto, Craig is the Publisher & CEO of Retail Insider Media Ltd. He is also a retail analyst and consultant, Advisor at the University of Alberta School Centre for Cities and Communities in Edmonton, and a public speaker. He has studied the Canadian retail landscape for over 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees.

More From The Author

Escada Shuts Remaining Canadian Store and Exits Market After Decades 

The iconic brand once had beautiful stores across the country and was worn by many affluent women. 

Cartier Renovating and Relocating Stores in Canada with Major Richemont Investment

The luxury brand recently relocated a Vancouver store following the renovation of a downtown Toronto location, with a Yorkdale store now under renovation and expansion as well. 

RECENT RETAIL INSIDER VIDEOS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest Stories

Follow us

4,265FansLike
6,734FollowersFollow
10,906FollowersFollow

all-time Popular