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Saks Off 5th to open in new center in Massachusetts
New York -- Saks Fifth Avenue Off 5th announced that it plans to open a store in Merrimack, Mass., on June 14.
The 28,032-sq.-ft. store is located in Merrimack Premium Outlets, a new shopping center 55 miles northwest of Boston. The store’s launch will coincide with the outlet’s grand opening celebration, which will last from June 14 until June 17. Operated by Simon Malls, the Outlet Center will be home to a collection of 100 designer and name-brand outlet stores, up to four restaurants and a food court.
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Target raises dividend
Minneapolis -- Target Corp. said Wednesday its board approved the increase of its quarterly dividend by six cents, or 20%, to 36 cents. The chain will pay the dividend on Sept. 10 to shareholders of record as of Aug. 15.
Target Corp. has paid a dividend every quarter since going public in 1967.