Hudson's Bay Company plans to open a 16,750 square foot Saks Fifth Avenue Men's Store at Brookfield Place in downtown Manhattan in Spring 2017.
Located at 250 Vesey Street, the Saks Fifth Avenue Men's Store will showcase the retailer's updated strategy for its men's business. All product categories will be represented, with a focus on modern fashion. The store will also feature special services and amenities, including bespoke tailoring and personal shopping programs. With its expansive views of lower Manhattan, and a design emphasizing experiential shopping, the new Men's Store will offer an unrivaled fashion destination for the downtown customer.
"Building a free-standing Saks Fifth Avenue Men's Store at the crossroads of the U.S. Financial Market and New York City's burgeoning downtown fits perfectly with our vision to expand our leadership position in the luxury space," said Marc Metrick, President, Saks Fifth Avenue. "We look forward to creating a tailored experience for our customers in a dedicated environment, filled with authoritative merchandising assortments."
Hudson's Bay Company previously announced its plans to open an 85,000 square foot Saks Fifth Avenue store, which will anchor the northern end of the Brookfield Place complex when it opens in Summer 2016. This location will not carry men's fashions, and will instead focus on creating dominant merchandising statements for women's categories. Additionally, the company plans to consolidate its U.S. headquarters at Brookfield Place by August 2016.
"We are thrilled that Hudson's Bay Company has increased its commitment at Brookfield Place through the addition of a new Saks Fifth Avenue Men's Store," said Dennis Friedrich, CEO of the Global Office division of Brookfield Property Partners. "Brookfield is proud to be characterized by its illustrious retail partners and we expect the Saks Fifth Avenue Men's Store will be a standout presence among our distinguished offering of fine men's retailers."
Hudson's Bay Company remains focused on the continued expansion of the Saks Fifth Avenue brand across North America, as it delivers a differentiated shopping experience for the luxury customer.
