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Saks to open three new OFF 5TH stores in fall

11
Jun '08
Saks Incorporated announced it will open three new Saks Fifth Avenue OFF 5TH (OFF 5TH) stores in fall 2008.

The Company will open a new 30,000 square foot OFF 5TH store in The Arches at Deer Park in Deer Park (Long Island), New York in October and new 28,000 square foot OFF 5TH stores in the Prime Outlets in St. Augustine, Florida and in the Rio Grande Valley Premium Outlets in Mercedes, Texas in November.

Robert Wallstrom, President of OFF 5TH, noted, "We are very excited about the planned opening of these three new stores which will be located in premier outlet centers featuring a myriad of luxury and designer stores. Over time, we believe there is meaningful new store growth opportunity for OFF 5TH, and we look forward to expanding into even more markets in the future."

The new OFF 5TH locations will all be patterned after the prototype store which opened with much success in the Prime Outlets International center in Orlando, Florida in April 2008. Wallstrom added, "A great deal of thought, preparation, and innovation went into the design of the prototype store, and it is the ideal venue to showcase our great merchandise offerings."

The prototype store was carefully created using a modern "luxury in a loft environment" concept designed to highlight the merchandise and facilitate ease of shopping. The design maximizes efficiency and flexibility, enabling easy changes in the general layout as business needs change.

The store is bright and uncluttered, with no hard aisles and one consistent hard-surface floor throughout. All fixtures are on casters, ensuring ease in movement, and all hardware is interchangeable between fixtures.

OFF 5TH is the savvy shopper's premier source for value-priced designer clothing and accessories, offering customers an unparalleled array of both coveted designer names and unique merchandise under the Saks Fifth Avenue label. OFF 5TH places the highest priority on style, selection, and superior customer service.

Saks Incorporated


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