Saks Inc. and Tiffany & Co. both unveiled plans Tuesday to cut the ribbon on new stores this year.
For Saks Inc., it will be three new Saks Fifth Avenue Off Fifth doors in the fall, one in Deer Park on Long Island, another in St. Augustine, Fla., and the third in Mercedes, Tex. The new stores will be modeled after the concept’s Orlando, Fla., prototype store, which opened in April. “There is meaningful new store growth opportunity for Off 5TH, and we look forward to expanding into even more markets in the future,” said Robert Wallstrom, president of Off 5TH. There are currently 48 Off Fifth stores.
Tiffany’s expansion will take place farther east, in Qingdao, China, a summer resort destination. The 2,000-foot store will bow in Hisense Plaza in July and will be the jeweler’s eighth Chinese location.
For complete coverage, see Wednesday’s issue of WWD.