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Saks continues OFF 5TH growth
03
Sep '08
Saks Incorporated announced it will open a new 28,000 square foot Saks Fifth Avenue OFF 5TH (OFF 5TH) store in San Antonio, Texas in spring 2009. The new store will be located in The Rim, a premier lifestyle shopping and entertainment center located in the city's booming northwest corridor.

Robert Wallstrom, President of OFF 5TH, noted, "The vibrant and rapidly growing city of San Antonio is the perfect location for our new OFF 5TH, and The Rim will be the ideal center for our showcase store." The new location at The Rim will be the Company's first OFF 5TH store in the San Antonio area. The Company currently operates OFF 5TH stores in metropolitan Dallas (Grapevine), metropolitan Houston (Katy and Stafford), and metropolitan Austin (San Marcos).

"We are very excited about the addition of Saks OFF 5TH here at The Rim," said Ward A. Kampf, president of retail leasing for Thomas Enterprises Inc, developer of The Rim. "Saks is seen as the leader in the luxury sector with Saks Fifth Avenue and for the discerning value shopper with OFF 5TH. OFF 5TH will complement The Rim's premier mix of power and specialty retail stores and top-flight dining and entertainment that spans more than 1.3 million square feet."

The San Antonio store will continue the growth already underway at OFF 5TH. The Company also will open 28,000 square foot OFF 5TH stores in The Arches at Deer Park in Deer Park (Long Island), New York in October 2008; Prime Outlets in St. Augustine, Florida in November 2008; Rio Grande Valley Premium Outlets in Mercedes, Texas in November 2008; The Legends at Sparks Marina in Reno-Sparks, Nevada in May 2009: Cincinnati Premium Outlets in Monroe, Ohio in August 2009; and Grand Prairie Prime Outlets in Grand Prairie (metropolitan Dallas), Texas in November 2009.

Each of the new OFF 5TH locations will be designed after the Company's innovative prototype store which opened with much success in Orlando, Florida's Prime Outlets International Center in April 2008. The San Antonio location will be the first of the new prototype stores to be located in a non-outlet mall format.

Saks Incorporated


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