Quote:
Originally Posted by OUIR@random
HBC-Lord & Taylor has bought Saks Fifth Avenue for 2.9B US$, I don't think we should ever expect a full-line Saks here, but it should indicate that Hudson's Bay is relatively healthy and could return to Moncton in the future or open one of the discount-outlet banner (Saks Off 5th).
Hudson's Bay Co. says it will open up to seven full-line Saks stores in Canada and about two dozen locations under a discount banner (Saks Off 5th) once it completes a US$2.9-billion friendly deal to acquire the U.S. luxury retailer.
|
The retail landscape is certainly shifting rapidly in Canada these days.......
I would be
very surprised to see
Saks Off 5th or
Nordstrom Rack here in Moncton (I could be wrong though). It would be nice to see
The Bay return (perhaps downtown as part of the Events Centre or even the new
Hudson's Bay Factory Store or
Home Outfitters out at the Mapleton Centre.
What
would be exciting (and would be a game changer) is if one of the new Canadian
Tanger Factory Outlet Malls sets up here in Moncton. Tanger is planning on opening up to 15 factory outlet malls in Canada in the next seven years. Surely at least one (perhaps two) of these would be in Atlantic Canada. If Tanger came here, you might actually see some very interesting stores in their development, like
Saks Off 5th.
This statement comes from the Tanger Factory Outlets annual report:
Our developments encompass
a diverse tenant base comprised of approximately 400 different well-known, upscale, national designer or brand name concepts, such as Ann Taylor, Banana Republic, Brooks Brothers, Calvin Klein, Coach Leatherware, Eddie Bauer, GAP, J. Crew, Juicy, Kate Spade, Lucky Brand Jeans, Michael Kors, Nike, Old Navy, Polo Ralph Lauren, Saks Fifth Avenue - Off Fifth, Tommy Hilfiger, Under Armour and others.
So, Tanger already has a corporate relationship with Saks Off 5th......
The next 5-10 years could be very interesting......
Threaded Mode