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Saks to put best foot forward with new concept
New York -- Saks Fifth Avenue is going to open a freestanding store dedicated to a hot category.
The department store retailer plans to open a shoe store in Greenwich, Connecticut, in fall 2016, Women’s Wear Daily reported.
The store, whose name has not yet been revealed, will be located close to an existing Saks Fifth Avenue store, which will no longer sell shoes.
The new format will be modeled after Saks’ in-store 10022 shoe department, according to the report.
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TJX purchases retail chain in land Down Under
Framingham, Mass. – The TJX Cos. Inc. apparently has a taste for vegemite.
TJX is purchasing Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corp. Ltd. for $58.45 million. The acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where it currently operates one of its 13 buying offices.

