The outlet industry is still red hot and Saks Inc. knows it.
On Wednesday, Saks said it will open seven Off 5th stores next year, on top of the 13 openings that were slated for this year. There are currently 70 Off 5th outlets. Several are being remodeled as well.
“The seven new stores are located in key communities and will be important additions to the company,” said Robert Wallstrom, president of Saks Fifth Avenue Off 5th.
The new outlets will be in various sites across the country from Potomac Mills in Woodbridge, Va., to Palm Beach Outlets in West Palm Beach, Fla., and The Mayfair Collection in Wauwatosa, Wis. Off 5th outlets range from 25,000 to 28,000 square feet and are designed according to the brand’s “luxury-in-a-loft” format introduced in 2008. It’s among the more upscale environments in the outlet sector, featuring a loftlike setting, bright and uncluttered selling floors and fixtures on casters to flex assortments. Off 5th outlets sell women’s wear, men’s, children’s, fine jewelry, beauty, shoes, handbags and sunglasses. One Off 5th associate noted that generally discounts start at 25 percent off regular prices but get higher depending on the day a consumer shops, and the category. She also noted that buy-one, get-one-free deals are being offered in men’s.
With traditional mall growth at a virtual standstill, outlet centers continue to proliferate, have high occupancy rates and generate high profits for developers, retailers and brands. Simon Property Group and Tanger Factory Outlet Centers are among the most active at rolling out outlet centers. Nordstrom has also been aggressive rolling out its Rack outlets.
Breaking News: @louisvuitton's men's artistic director @mrkimjones is leaving the French fashion house after nearly 7 years. Jones joined Louis Vuitton in 2011, following a three year tenure as creative director of British luxury goods brand Alfred Dunhill. Jones is to exit Louis Vuitton after showing his fall 2018 collection for the brand in Paris on Thursday. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews