Saks Fifth Avenue to expand Palm Desert, California

17 Jul '08

1 min read

Saks Incorporated announced it plans to expand its existing 50,000 square foot Saks Fifth Avenue store in The Gardens of El Paseo in Palm Desert, California. Work on the 27,000 square foot expansion will commence in early 2009 and is expected to be completed in November 2009.

Steve Sadove, Chairman and Chief Executive Officer of Saks, commented, "The planned expansion of our Saks Fifth Avenue Palm Desert store is consistent with our strategy of focusing our resources on existing stores in order to enhance our sales productivity. Palm Desert is a great market for us, and we are eager to increase our presence there. With a 77,000 square foot showcase store, we will be able to enhance our distinctive roster of designer collections and service offerings to better serve our many loyal customers in the area."

Saks Fifth Avenue has six additional stores in California - Beverly Hills, Costa Mesa (South Coast Plaza), Mission Viejo, San Diego, San Francisco, and Santa Barbara.

Saks Incorporated currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and saks.com. The Company also operates Club Libby Lu specialty stores.

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