Saks Fifth Avenue

Four years of construction in Miami’s Brickell financial district culminates on Thursday with the opening of a three-level, open-air retail center featuring the return of Saks Fifth Avenue to the city after a 30-year absence.  

Zara, the trendy global fashion retailer, will soon assume a place between Macy’s and Nordstrom at the Cherry Hill Mall in suburban Philadelphia.   

Saks Fifth Avenue has opened its first standalone store dedicated exclusively to footwear.  

Hudson’s Bay Company plans to open Canada’s largest Saks Fifth Avenue store, in downtown Montreal.    Scheduled to open in fall 2018, the store will be co-located in the same building as Hudson’s Bay, which will undergo a multi-million dollar renovation. The new Saks will take up approximately 200,000 sq. ft. of the existing 650,000-sq.-ft. space.   

Petco appointed retail veteran John Zavada as senior VP and CIO.   In his new position, Zavada will lead Petco's information technology strategies, teams and projects, including the company's business process optimization and enterprise program management office.    Prior to joining Petco, Zavada served as senior VP and CIO at Restoration Hardware. He also held CIO positions at Guitar Center, Big Lots, Limited Inc., and Victoria's Secret Stores.  

Saks Fifth Avenues’ value-luxury brand opened its fourth Virginia outlet this week in Springfield, just outside of Alexandria.   The new store occupies a 30,000-sq.-ft. space on two levels in the PREIT-owned Springfield Town Center, its first mall location in the Washington, D.C., area.   

Triple Five’s American Dream project in the New Jersey Meadowlands got closer to the finish line today with the announcement that Nickelodeon would be attaching its name and entertainment brands to the retail-entertainment center’s theme park.   To be called Nickelodeon Universe, the 8.5-acre indoor amusement park — reputed by Triple Five to be the Western Hemisphere’s largest — will feature rides themed by Mutant Ninja Turtles, SpongeBob SquarePants, Blaze, and the Monster Machines.  

Saks Fifth Avenue’s new store in New York City is unlike any other the retailer has opened to date.

Located at Brookfield Place in lower Manhattan, the 86,000-sq.-ft. store is decidedly smaller than most Saks’ locations. It feels more like a boutique than a department store, with some traditional departments, such as handbags eliminated. (Handbags and certain other products are grouped by brand as opposed to category.) It also boasts such new services as a “power lunch” offering.