Saks Off 5th comes to Canada

Less than a month after Hudson’s Bay Company brought Saks Fifth Avenue to Canadian shoppers, the company this month is opening the first of 25 planned Saks Off 5th stores.



Three new Saks Off 5th stores are scheduled to open on March 17 in Vaughan Mills, Halton Hills and Niagara-on-the-Lake, Ontario. The openings will allow Canadians to experience the ultimate "thrill of the hunt" shopping that Saks Off 5th is renowned for, with access to the some of the best brands and fantastic finds, in a fun to shop store format,” according to the company.



"There is great anticipation and consumer interest for our Saks Off 5th luxury off-price format in Canada," said Jonathan Greller, president of HBC Off-Price.



The luxury off-price format has grown rapidly in the U.S. and today there are 92 Off 5th stores, but the concept of luxury off price is underdeveloped in Canada. Hudson’s Bay Company is out to change that this year with a total of nine stores slated to open this year as part of a longer term opportunity to open 25 stores.