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Saks expands off-price north of the border

12/3/2015

Saks Fifth Avenue Off 5th continues to expand north of the border.



The off-price retailer and Ivanhoé Cambridge announced an agreement to bring four new Saks Off 5th locations to Canada. The stores, the brand’s first in their respective markets, will open in four Ivanhoé Cambridge shopping centers: Tsawwassen Mills, Tsawwassen, B.C., Outlet Collection Winnipeg; Place Ste-Foy, Quebec City; and Montreal Eaton Centre, Montreal.



Here are the details on the four locations:



Place Ste-Foy is currently undergoing a major redevelopment. The 32,943-sq.-ft. Saks Off 5th store will anchor Place Ste-Foy, currently undergoing a major redevelopment, and will open in spring 2017.



During 2016, Montreal Eaton Centre will merge with the space currently known as Complexe Les Ailes to form a single property, and will be the future home to Montreal’s first Saks Off5th location. The 44,840-sq.-ft. store will open in fall 2018.



Tsawwassen Mills, Ivanhoé Cambridge’s third “Mills” project, is currently under construction. The 32,687-sq.-ft. Saks store will be one of the anchors of the 1.2 million-sq.-ft. Tsawwassen Mills, opening in fall 2016.



Slated to make its debut in spring 2017, Outlet Collection Winnipeg will be the city’s first true outlet shopping destination. The 32,191-sq.-ft. Saks store will anchor the property, and its opening will coincide with the launch of Outlet Collection Winnipeg.



“We are excited that we are able to bring Saks Off 5th to these dynamic Ivanhoé Cambridge properties. We have now announced openings in five provinces across the country, and we look forward to bringing our Off 5th experience to the Canadian consumer,” commented Jonathan Greller, president of Outlets, HBC, Saks’ parent company “As we continue to grow our off-price business, we will announce more new Saks Off 5th locations in major markets across Canada.”



The four new locations part of Saks Off 5th North American expansion plan to open up to 25 locations across Canada.


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