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Saks Fifth Avenue to Open New Store in Sarasota

TORONTO & NEW YORK (10/02/2014)–Hudson’s Bay Company (TSX:HBC) and its wholly-owned subsidiary Saks Fifth Avenue announced today plans to open a full-line Saks store in the Mall at University Town Center, Sarasota, Florida. The approximately 80,000 square-foot, multi-level Saks opens October 16.

“It is with great pleasure that I announce the new Saks Fifth Avenue store location in the Mall at University Town Center in Sarasota,” stated Marigay McKee, President of Saks Fifth Avenue. “The new location only signifies another milestone for Saks Fifth Avenue, and we are excited to offer the Sarasota customer our wonderful and unparalleled selection of designer fashion and merchandise.”

The new star of the Sun Coast will offer a host of new designers, including: Alexander McQueen, Brunello Cucinelli, Cartier, Chloé, Dolce & Gabbana, Michael Kors, Donna Karan New York, Emilio Pucci, Hermès Watches, Pomellato, Saint Laurent, H. Stern, and Valentino as well as the exclusive brands by Kilian, Cle de Peau, Diptyque, Chantecaille, and Valmont. In addition, the store has expanded its Beauty installations with shops from Chanel, Tom Ford, Dior, and Jo Malone.

Saks Fifth Avenue Sarasota will introduce the Sarasota market to 10022-SHOE, Sarasota’s most well-heeled Zip Code. New shoe vendors at the Sarasota store will include Giuseppe Zanotti,

Saint Laurent Paris, Sergio Rossi, Alexandria Birman, Christian Dior, Brian Atwood, Tabitha Simmons, Salvatore Ferragamo, and more.

A new Saks Men’s Store will offer an exclusive assortment of renowned designer menswear, from formalwear to denim, as well as finishing touches for Sarasota’s men, including shoes, watches, jewelry and other extras from designers such as Isaia, Brunello Cucinelli, Ermenegildo Zegna, Giorgio Armani, Etro, Sand, Vince, Burberry Brit and more.

The Sarasota store will feature an expanded Fifth Avenue Club, a VIP venue for both men and women with expertly trained style consultants on hand for personalized customer service, in addition to an ongoing calendar of special events such as fashion shows, trunk shows, and personal appearances by designers.

Saks Fifth Avenue’s new packaging will premiere in Sarasota in October. The timeless black-and-white bags will be tied with pink grosgrain ribbon to honor Key To The Cure, Saks Fifth Avenue’s charity shopping weekend to fight women’s cancers, one of the first events at the new store. A private Key To The Cure cocktail party will be held on October 14 from 5:30 to 9. Tickets sales are available for purchase at SMHF.org or by calling 941-917-1286.

Sophie’s, located on the second floor of new store, will offer an intimate indoor and alfresco dining experience that captures the style and elegance of Saks Fifth Avenue. With a passionate focus on globally influenced yet dedicated American cuisine, Sophie’s will serve innovative dishes focusing on local, seasonal ingredients at lunch and dinner during store hours.

“I am very excited about the new space, the new designers, the new mens area, 10022-SHOE, Sophie’s and more,” stated Joel Ellzey, General Manager of Saks Fifth Avenue Sarasota. “Saks Fifth Avenue really is the new star of the Sun Coast, and the store will help position the entire Sarasota community as a fashion leader in Florida.”

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, 75 Saks Fifth Avenue OFF 5TH stores and saks.com, the company’s online store.

Saks Fifth Avenue is proud to be named a J.D. Power and Associates 2012 Customer Service Champion and is only one of 50 U.S. companies so named.

ABOUT HUDSON’S BAY COMPANY

Hudson’s Bay Company, founded in 1670, is North America’s longest continually operated 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, one outlet store and thebay.com. Lord & Taylor operates 49 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 78 U.S. stores and saksoff5th.com. Home Outfitters is Canada’s largest kitchen, bed and bath specialty superstore with 69 locations. Hudson’s Bay Company trades on the Toronto Stock Exchange under the symbol “HBC.”

CONTACT:     

Katie Majeski
Saks Fifth Avenue
212 451-1931
Katie_Majeski@s5a.com

Gretchen Walker Manolakis
Saks Fifth Avenue
212 451-3728
Gretchen_WalkerManolakis@s5a.com