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Saks Fifth Avenue to Open First Stand-Alone 10022-SHOE Store

New York, NY – July 31, 2015 – Saks Fifth Avenue today announced plans to open its first-ever stand-alone 10022-SHOE store in Greenwich, Connecticut. Expected to open in Fall 2016, the new 14,000 square-foot location at 20 East Elm Street will be dedicated to women’s footwear and will be just a short distance from the existing Saks Fifth Avenue location in downtown Greenwich.

“Opening a dedicated 10022-SHOE store will allow us to offer an unparalleled assortment of women’s footwear,” commented Marc Metrick, President of Saks Fifth Avenue. “Women’s footwear is one of our marquee businesses and I’m very excited to dedicate more space to this key category in one of our most important markets.”

This move will also allow Saks Fifth Avenue to expand the space dedicated to its highly productive women’s designer ready-to-wear, leather goods and fine jewelry assortment in the existing store. The upper level will be enhanced with new designer apparel shops and a private fine jewelry viewing room.

“This is a tremendously exciting time for Saks Fifth Avenue. It is a wonderful opportunity to better serve our Greenwich customers, reaffirm our commitment to this important category and further strengthen Saks Fifth Avenue’s position in the marketplace,” added Metrick. “The new 10022-SHOE store will be a remarkable, luxurious destination for women’s footwear and will be complemented by a more robust assortment in our existing store.”

ABOUT SAKS FIFTH AVENUE

Saks Fifth Avenue, one of the world’s pre-eminent specialty retailers, is renowned for its superlative American and international designer collections, its expertly edited assortment of handbags, shoes, jewelry, cosmetics and gifts, and the first-rate fashion expertise and exemplary client service of its Associates. As part of the Hudson’s Bay Company brand portfolio, Saks operates 39 full-line stores in 22 states, five international licensed stores and saks.com, the company’s online store.

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 39 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 84 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.”

CONTACT:

Kathleen Ruiz
Saks Fifth Avenue
212.940.5083
Kathleen_Ruiz@s5a.com

Gretchen Walker Manolakis
Saks Fifth Avenue
212.451.3728
Gretchen_WalkerManolakis@s5a.com