The multi-level store will become Canada's largest Saks location, as well as one of the largest in the company. Saks will compete vigorously with the merged Holt Renfrew Ogilvy, only about 800 metres west.
The popular Quebec-based retailer will aggressively expand its store count over the next several years, as well as open a downtown flagship this summer.
Downtown Montreal is in transition. The real estate market has become increasingly dynamic as traditional sectors evolve, and the retail sector is no exception to this trend.
An announcement will be made soon by Holt Renfrew management regarding the fate of the storied Montreal Ogilvy department store. Holt's owners purchased Ogilvy July 2011. Yesterday we posted about Holt Renfrew's introduction of a moderately-priced, mid-range chain of stores...