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Saks Fifth Avenue OFF 5TH Announces First Store Location in Alberta

CrossIron Mills will open first Saks Fifth Avenue OFF 5TH in Western Canada

 

TORONTO, ON (August 20, 2015)— Saks Fifth Avenue OFF 5TH is excited to announce the location of its very first store in the province of Alberta, as it prepares for its entrance into the Canadian marketplace next year. The new 30,000 sq. ft. Saks Fifth Avenue OFF 5TH will be located at CrossIron Mills in Rocky View County, just north of Calgary, Alberta, and is slated to open in September of 2016.

Strategically located on the busiest transportation corridor in Alberta, CrossIron Mills is the sole outlet concept centre in the Calgary area and, since its opening in 2009, has welcomed 9 million visitors annually. A designated tourist attraction and popular shopping destination for Alberta residents and visitors alike, CrossIron Mills is the perfect home for the first Saks Fifth Avenue OFF 5TH in Western Canada.

“As we move closer to our arrival in Canada, we are thrilled to announce the first Saks Fifth Avenue OFF 5TH location in Alberta, at CrossIron Mills,” stated Jonathan Greller, President of Outlets, HBC. “This will be a key market for us as we introduce Canadian shoppers to the Saks OFF 5TH experience. We believe there is an incredible consumer appetite for the luxury off-price format in Canada, and we are excited to deliver incredible products at amazing price points to our Canadian shoppers.”

“As Canada’s leader in the outlet shopping experience, we are proud to welcome Western Canada’s first Saks Fifth Avenue OFF 5TH to CrossIron Mills,” declared Sean Walters, Senior Vice President, National and Mills Leasing, Ivanhoé Cambridge. “We are confident that shoppers will embrace its distinctive retail offering and brand experience,” he added.

This announcement confirms the fourth of up to 25 locations that Saks Fifth Avenue OFF 5TH plans to open nationwide, up to eight of which are planned for 2016. Saks Fifth Avenue OFF 5TH previously announced its first three Canadian locations, due to open in the spring of 2016, in Ottawa, Niagara-on-the-Lake and Vaughan, Ontario.

Saks Fifth Avenue OFF 5TH will cater to this market with more than 800 brands, from emerging designer labels to some of the biggest names in fashion, all at amazing prices. With new arrivals shipped to the store daily, customers will discover new and exciting merchandise, including one-of-a-kind designer finds, every time they shop. The Canadian stores will reflect the redesigned Saks Fifth Avenue OFF 5TH aesthetic, featuring an open and modern modular layout, in an easy-to-shop ‘treasure hunt’ environment.

CrossIron Mills is located at 261055 Crossiron Blvd, Rocky View, Alberta, and is owned and managed by Ivanhoé Cambridge Inc. For updates on store openings, marketing events and career opportunities, Canadians can visit saksoff5th.ca.

 

ABOUT SAKS FIFTH AVENUE OFF 5TH

As part of the Hudson’s Bay Company brand portfolio, Saks Fifth Avenue OFF 5TH is a world-class destination for true fashion at extraordinary value. The retailer’s 85 stores and e-commerce site, saksoff5th.com, combine the two great joys of shopping: the delight of discovering the best in luxury and the thrill of finding a deal. A sophisticated shopping experience of carefully curated off-the-runway trends, exceptional service, and savings on the biggest names in fashion, Saks Fifth Avenue OFF 5TH leads the market as the premier luxury-value destination.

ABOUT HUDSON’S BAY COMPANY

Hudson’s Bay Company, founded in 1670, is North America’s oldest company. Today, HBC offers customers a range of retailing categories and shopping experiences primarily in the United States and Canada. Our leading banners – Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH – offer a compelling assortment of apparel, accessories, shoes, beauty and home merchandise. Hudson’s Bay is Canada’s most prominent department store with 90 full-line locations, two outlet stores and thebay.com. Lord & Taylor operates 50 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com. Saks Fifth Avenue, one of the world’s pre-eminent luxury specialty retailers, comprises 38 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 85 U.S. stores and saksoff5th.com. The Company also operates Home Outfitters, Canada’s largest kitchen, bed and bath specialty superstore with 67 locations. Hudson’s Bay Company trades on the Toronto Stock Exchange under the symbol “HBC”.

ABOUT IVANHOÉ CAMBRIDGE INC.

Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets.

Through subsidiaries and partnerships, Ivanhoé Cambridge has direct or indirect interests in over 160 million ft2 (up to 15 million m2) of office, retail and logistics properties as well as in more than 23,000 multiresidential units. Ivanhoé Cambridge held more than Cdn$48 billion in total assets as at June 30, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada’s leading institutional fund managers. For further information: ivanhoecambridge.com.

For more information, please visit: crossironmills.com.

 

CONTACT:
Tiffany Bourré
905.595.7184
tiffany.bourre@hbc.com