Canadian Cities Could Soon Have More Luxury Department Stores than in U.S.
With Holt Renfrew‘s expansion and Saks Fifth Avenue’s arrival in February, Canadian cities could soon boast a higher concentration of luxury department stores per capita than most American cities. We spoke with a luxury retail expert to determine if Canada will, as a result, become oversaturated with luxury department stores.
For the purpose of this study, North American luxury department stores included Neiman Marcus, Saks Fifth Avenue, Barneys New York and Holt Renfrew. Bloomingdale’s and Nordstrom were excluded due to their broader focus.