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Saks Fifth Avenue Nears Completion of $250 Million Renovation
The new flagship store has 53,000 square feet dedicated to handbags.
The Row handbags displayed at Saks Fifth Avenue in New York, on Feb. 4.
Photographer: Mark Abramson/BloombergThis article is for subscribers only.
Saks Fifth Avenue will debut the new main floor of its flagship New York City store this week, marking a major milestone in its $250 million renovation project.
Hudson’s Bay Co.’s 41 Saks stores have been one of the few bright stars for the struggling retailer, which over the past year sold the e-commerce site Gilt, merged European operations with a rival and closed some Lord & Taylor stores. Comparable-store sales at Saks rose for the past six consecutive quarters.