Saks to Build OFF 5th Business
New York City Saks plans to open new prototype stores as a part of an effort to grow its OFF 5th businesses, Saks chairman and CEO Stephen I. Sadove said during the company’s fourth-quarter conference call.
Sadove said that the first prototype will open in Orlando, Fla. in April. Saks plans to open other new locations later in the year.
The company also expects to expand its 10022-SHOE concept to its Beverly Hills, Houston, Phoenix, Costa Mesa, Calif., San Francisco and Miami locations by the end of 2008.
The company’s flagship store will also be getting some attention this year. According to Sadove, the company will add new vendors and expand existing, productive categories like handbags and women's designer apparel.