- May 20, 2007
- Reaction score
Saks OFF 5TH to Shutter Store at South Edmonton Common in Edmonton
The store opened in 2016 as part of a major expansion for Saks OFF 5TH in Canada that was halted due to poor performance.
From the article above:
"Saks OFF 5TH entered the Canadian market in 2016 with plans for about 25 stores. Between 2016 and 2018 the retailer opened 18 stores in Canada and then halted the expansion — some landlords said that the retailer had been struggling in terms of sales with some locations selling less than $100 per square foot annually. Product in Saks OFF 5TH includes a range of brands and merchandise picked specifically for the outlet as well as some private-label merchandise and some clearance items from Hudson’s Bay stores, including pieces from luxury department The Room."
"So far only the South Edmonton Common Saks OFF 5TH location is confirmed to close, though we’re hearing that more closures could be coming and we’ll be providing updates."