Saks looks to build OFF 5th business

NEW YORK Saks is opening new prototype stores in Orlando, Fla., as part of the company’s efforts to grow its OFF 5th busineness. Steve Sadove, according to a transcript of the company’s fourth quarter conference call, said that the store will open in April and additional select new store will open later in the year.

Sadove added that Saks expects to expand its 10022-SHOE concept to its Beverly Hills, Houston, Phoenix, South Coast Plaza, San Francisco and Miami locations by the end of 2008.

The company’s flagship store will also be getting some attention this year. According to Sadove, the company will add new vendors and expand existing, productive business like handbags and women's designer apparel.