Hudson's Bay Company Announces First Saks Fifth Avenue Store in Quebec; Renovation of Iconic Montreal Hudson's Bay Store
Flagship Montreal Saks Fifth Avenue will be largest to open in
Hudson's Bay will introduce modernized shopping experience
NEW YORK & MONTREAL--(BUSINESS WIRE)--
Hudson's Bay Company (TSX:HBC)
today announced plans to open its first Quebec Saks Fifth Avenue
location in Montreal, within the historic Hudson's Bay on Boulevard de
Maisonneuve. The approximately 200,000 square-foot, multi-level store
will be the largest Saks Fifth Avenue store in Canada and, similar to
the award-winning approach taken at CF Toronto Eaton Centre, will be
co-located with Hudson's Bay in the same building. The opening is
planned for Fall 2018.
This Smart News Release features multimedia. View the full release here:
An artist rendering of the newly renovated Hudson's Bay store in Montreal.
(Photo: Business Wire)
The new Saks flagship store will offer customers designer product
including: women's designer ready-to-wear, handbags, accessories, beauty
and men's. The store will feature some of Saks' exclusive offerings,
including: 10022-SHOE, Saks Fifth Avenue's signature women's designer
shoe salon, and a full service Fifth Avenue Club, complete with private
suites and personal shopping consultants. Unique to the Montreal store
will be a Quebec-themed Saks Fifth Avenue food hall.
"We are excited to bring the distinctive Saks Fifth Avenue experience to
Montreal, which has long been a destination for fashion in Canada,"
commented Marc Metrick, President, Saks Fifth Avenue. "Shoppers here are
known for their impeccable style and we're confident that Saks' superior
designer merchandise and exemplary customer service will be as
well-received here as it has been across Canada."
Hudson's Bay will undergo an extensive renovation that will reconfigure
the store layout, redefine departments and enhance the overall shopping
environment. The multi-million dollar investment in Canada's iconic
store will touch all levels of the building, and further positions
Hudson's Bay as the most exciting department store in Canada. The new
concept for Hudson's Bay will introduce the most modern department store
shopping experience while maintaining the company's heritage. The plans
build on the success of the company's Queen Street flagship, where
Hudson's Bay and Saks Fifth Avenue are co-located and offer an
unparalleled shopping experience.
"The reimagining of our iconic Montreal location is a significant
milestone in the evolution of our Hudson's Bay store, given the
importance of the Quebec customer to our business," stated Liz Rodbell,
President, Hudson's Bay and Lord & Taylor. "In today's digital world,
our store experience is paramount in our mission to entertain and
delight our customers. This renovation will keep Hudson's Bay central to
our customers' shopping experience for years to come."
Saks Fifth Avenue currently has two full-line stores in Canada at CF
Toronto Eaton Centre and CF Sherway Gardens, and has announced plans for
a store in Calgary, Alberta.
Hudson's Bay will remain open throughout the renovation process.
ABOUT SAKS FIFTH AVENUE
Saks Fifth Avenue, one of the
world's pre-eminent specialty retailers, is renowned for its superlative
American and international designer collections, its expertly edited
assortment of handbags, shoes, jewelry, cosmetics and gifts, and the
first-rate fashion expertise and exemplary client service of its
Associates. As part of the Hudson's Bay Company brand portfolio, Saks
operates 40 full-line stores in 22 states and Canada, five international
licensed stores and saks.com, the company's online store.
ABOUT HUDSON'S BAY
Hudson's Bay Company, incorporated in
1670, is North America's oldest company. Hudson's Bay has grown to
become Canada's most prominent department store, today operating 90
full-line locations and thebay.com. It has established a reputation for
quality, service, and style by offering well-edited assortments of
exclusive and popular fashion, beauty, home and accessory designers and
brands. It is part of the Hudson's Bay Company brand portfolio.
ABOUT HUDSON'S BAY COMPANY
Hudson's Bay Company is one of
the fastest-growing department store retailers in the world, based on
its successful formula of driving the performance of high quality stores
and their all-channel offerings, unlocking the value of real estate
holdings and growing through acquisitions. Founded in 1670, HBC is the
oldest company in North America. HBC's portfolio today includes ten
banners, in formats ranging from luxury to better department stores to
off price fashion shopping destinations, with more than 470 stores and
66,000 employees around the world.
In North America, HBC's leading banners include Hudson's Bay, Lord &
Taylor, Saks Fifth Avenue, Gilt, and Saks OFF 5TH, along with Find @
Lord & Taylor and Home Outfitters. In Europe, its banners include
GALERIA Kaufhof, the largest department store group in Germany,
Belgium's only department store group Galeria INNO, as well as
HBC has significant investments in real estate joint ventures. It has
partnered with Simon Property Group Inc. in the HBS Global Properties
Joint Venture, which owns properties in the United States and Germany.
In Canada, it has partnered with RioCan Real Estate Investment Trust in
the RioCan-HBC Joint Venture.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160922006099/en/
Hudson's Bay Company
Director, Corporate Communications
Jen Vargas, 646-802-2952
Source: Hudson's Bay Company
News Provided by Acquire Media
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