Simon Property Group announced that Saks Fifth Avenue Off 5th will open a total of seven new stores in the next two years in its Premium Outlets division, including new centers and existing centers.
Mall owner Simon Property Group said that Saks Fifth Avenue Off 5th will anchor the company’s two new centers in development in its Premium Outlets division: Phoenix Premium Outlets and St. Louis Premium Outlets.
Indianapolis-based Simon Property Group, along with Chinese retail conglomerate Bailian Group, announced plans to jointly develop a branded Premium Outlet Center in Pudong, Shanghai, China.