Saks Inc. said Tuesday it will open three additional Off 5th units, another sign that the off-price sector is a bright spot in the otherwise dim retail industry.
The Off 5th units will launch at the Legends at Sparks Marina in Reno-Sparks, Nev., in May; in Cincinnati Premium Outlets in Monroe, Ohio, in August 2009, and in the Grand Prairie Prime Outlets in Grand Prairie, a suburb of Dallas, in November 2009. Each store will be 28,000 square feet.
The company previously announced Off 5th openings in The Arches at Deer Park in Deer Park on Long Island in October and in Prime Outlets in St. Augustine, Fla., and Rio Grande Valley Premium Outlets in Mercedes, Tex., in November.
All of the stores will be designed to reflect the 26,400-square-foot prototype outlet that opened in Orlando’s Prime Outlets International Center in April.
“The prototype store is very innovative, modern and open,” said Robert Wallstrom, president of Off 5th. “The response to the new store design has been very positive.
“Each of the new stores will be located in premier outlet centers and complemented by a variety of other luxury and designer stores.”
Wallstrom described the format as an uncluttered, flexible loft environment that makes shopping easy. There is one hardwood surface throughout and fixtures are on casters, so there’s flexibility in the merchandising and easier movement through the store. The goal is to better project the upscale image of Saks Fifth Avenue. Older outlets have a lot of small rooms and different floor surfaces.
Off 5th operates about 50 units, and last year generated volume of just under $400 million. Discounts start at 30 percent, but go as high as 90 percent on clearance goods.
Between 80 and 90 percent of the labels found in Off 5th are the same as those found in the Saks Fifth Avenue regular-priced stores; 10 to 20 percent are brands not carried at Saks and could be from competitors. The outlets also sell some private label.
Off 5th resumed its expansion this year, and was last in expansion mode in the mid-Nineties until around 2000. The majority of stores are in outlet centers, while some are in strip centers and mixed-use centers. The new prototype is also suitable for lifestyle centers.
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion
“I’m Russian and I love to use all these little tricks that I got from my grandma or my mom. We didn’t have a lot of money for creams or anything like that so we would use a garden as a beauty treatment regime. We’d put cucumber in the fridge and do a cucumber mask,” says model @irinashayk on one of her beauty hacks. WWD asked celebs what their go-to self-care rituals are. See what Naomie Harris, Freida Pinto and more said on WWD.com. #wwdeye #wwdbeauty (📷: @zefashioninsider)
Exclusive: @viktorandrolf are teaming up with @Zalando on a collection made from leftover clothing. The lineup, which lands at the retailer February 1, includes 17 pieces adorned with sliced up and repurposed overstock from the retailer’s private label collection. Pictured here is a look from the collection –– see more on WWD.com. #wwdfashion #wwdnews
@duewestnyc is the newest bar joining the collection of intimate neighborhood-focused spaces in the West Village. The cocktail menu, which includes bitters and syrups made in-house, offers a “Build Your Own Old-Fashioned” – like the one pictured here – where guests can choose from a list of spirits and unexpected sugars and bitters. #wwdeye
Spotted at last night’s National Board of Review gala in NYC: Angelina Jolie. Jolie – along with Meryl Streep, @lupitanyongo and more – continued the all-black dress code from Sunday’s Golden Globes. #wwdeye (📷: @lexieblacklock)