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Saks Fifth Avenue

News

Shayne Stephens on the Rise and Fall of Saks in Canada

Craig Patterson -
Former Marketing Director Shayne Stephens reveals the inside story of Saks Fifth Avenue’s bold Canadian launch, rapid growth, and sudden collapse amid Hudson’s Bay’s liquidation.
News

The End of Saks Fifth Avenue in Canada

Craig Patterson -
Saks Fifth Avenue has closed all Canadian stores as part of Hudson’s Bay Company’s liquidation, ending its decade-long presence in Canada.
News

Hudson’s Bay Files for Bankruptcy Protection 

Craig Patterson -
Hudson’s Bay files for bankruptcy protection under CCAA as it seeks to restructure its operations amid mounting financial challenges.
News

Hudson’s Bay Facing Imminent Bankruptcy: Report

Craig Patterson -
Hudson’s Bay is reportedly preparing for bankruptcy as financial woes deepen. With store closures and supplier concerns, the future of the retailer remains uncertain.
News

Saks Food Hall Closes in Toronto, Marking End of the Concept

Craig Patterson -
The Saks Food Hall in Toronto has closed, marking the end of the luxury grocery concept introduced by Pusateri's in Canada.
News

Hudson’s Bay Company to Acquire Neiman Marcus with Amazon 

Craig Patterson -
The originally Canadian company is expected to close on a deal that will see Saks and Neiman combined into a luxury retail powerhouse. 
News

Saks Fifth Avenue Food Hall to Shut at CF Sherway Gardens in Toronto

Craig Patterson -
The Pusateri’s-operated grocery store was the first in the world for Saks Fifth Avenue when it opened in 2016, and was meant to drive foot traffic to the luxury retailer upstairs.
News

Podcast: Saks Fifth Avenue Renovates Downtown Toronto Store After Brands Exit

Retail Insider -
Craig and Lee discuss the new renovations to the Saks Fifth Avenue store in downtown Toronto, which looks different after several concessions closed earlier this year. Women's shoes relocated to the main floor and something could be in the works as store hours have been reduced for the three Canadian Saks locations.
News

Saks Fifth Avenue Partially Renovates Downtown Toronto Flagship Store [Photos]

Craig Patterson -
The store opened in 2016 and has rearranged departments after several luxury brands exited earlier this year.
News

Burberry Shuts Wholesale Boutique Spaces in Canada Amid DTC Exclusivity Push 

Craig Patterson -
The UK-based luxury brand has pulled out of several retailers as it adopts a new business model that includes concessions and standalone stores.
News

Saint Laurent Boutique Exits Saks Fifth Avenue in Downtown Toronto Following Robbery

Craig Patterson -
It’s the third luxury brand boutique concession to exit the Saks flagship since December. 
News

Louis Vuitton and Dior Boutiques Exit Saks Fifth Avenue in Downtown Toronto [Photos]

Craig Patterson -
Both mega-brands opened with the store in 2016 when Saks opened its first Canadian location.
News

Louis Vuitton and Dior Boutiques to Exit Saks Fifth Avenue in Downtown Toronto

Craig Patterson -
The shakeup comes after several other brands recently exited Canada’s Saks flagship that opened in 2016.
Quick Reads

Saks Fifth Avenue Opens Balenciaga Bag and Accessory Boutique in Downtown Toronto 

Craig Patterson -
Kering-owned French luxury brand opens boutique.
Quick Reads

Saks Fifth Avenue Flagship in Downtown Toronto Unveils New Birks Jewellery Boutique

Craig Patterson -
Montreal-based luxury retailer opens boutique at CF Toronto Eaton Centre Saks Fifth Avenue.
Quick Reads

Celine Exits Saks Fifth Avenue’s Downtown Toronto Flagship As Yorkdale Standalone Celine Store Opens 

Craig Patterson -
The luxury fashion brand has closed its boutique space at Saks Fifth Avenue following an exit last month at Yorkdale’s Nordstrom.
News

Mass Store Closures in Canada Escalate Significantly Amid COVID-19 Pandemic [Update]

Craig Patterson -
A sudden collapse of retail in Canada has some shaming retailers that remain open while malls operate at reduced hours.
News

La Maison Valmont Opens 1st Canadian Retail Boutique at Saks Fifth Avenue [Photos]

Jessica Finch -
The Upmarket Swiss cellular skincare brand's new boutique space features an entire wall dedicated to fragrances.
News

Food Hall Phenomenon Sees Success in Canada Amid Increased Foot Traffic [Feature]

Craig Patterson -
Canadian cities are seeing new food halls that are creating increased footfall and drawing in consumers from a wider area. But will we become oversaturated if too many are built?
News

BRIEF: Luxury Retailer Shutters Amid Death Threat, Diesel & Anthropologie Exit Yorkville

Craig Patterson -
Other News: Nordstrom closes designer boutiques in downtown Toronto, Athlete Tech Summit to include NBA players, Saint Laurent updates Toronto boutique.
News

Saks Fifth Avenue Appoints New Canadian Flagship General Manager as it Looks to the Future

Craig Patterson -
We discussed what’s to come for Canada’s flagship Saks Fifth Avenue store, which is now one of the company’s top performers.
News

Inside Saks Fifth Avenue’s Calgary Store and List of Brands [Photos/Analysis]

Craig Patterson -
We’ve included photos as well as a list of designers and departments in the new Saks, which is somewhat different than its first 2 Canadian stores.
News

HBC Halts Downtown Montreal Bay Reno and Saks Fifth Avenue Flagship: Report

Craig Patterson -
A previously announced overhaul to the massive Hudson’s Bay building would have included the opening of Canada’s largest Saks Fifth Avenue store.
News

2018 Canadian Retail Forecast [Analysis]

Craig Patterson -
We’re predicting that this year will be one of highs and lows — Sears Canada will shutter, Nordstrom Rack will enter Canada, marijuana will be legalized, and plenty of other developments.
News

Saks Fifth Avenue Announces Calgary Opening Details [With Renderings]

Craig Patterson -
Canada’s third full-sized Saks Fifth Avenue store will open in early 2018, two years after its first two locations. We’ve included 7 renderings of the new store in the article.
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