Good things come in pairs! With the Hudson’s Bay’s recent purchase of Saks Fifth Avenue, it was only a matter of time until they would announce Saks Fifth Avenue‘s discount store, Off 5th‘s emergence into Canada. According to HBC‘s CEO, Richard Baker, there will be 25 Canadian retail locations that will likely open in 12-18 months after the opening of the first Canadian Saks Fifth Avenue.
I don’t know about you, but I’m very excited about this. Just a few months ago, I drove to the states and picked up some Alexander Wang and 3.1 Phillip Lim boots from an Off 5th for more than 50% off.
I’m glad we won’t have to waste gas money on crossing the border for good discounts anymore. What do you think about the new discount retailer coming to Canada?
Source: Retail Insider