The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Saks Fifth Avenue OFF 5TH Store Reopening in Nashville's Opry Mills

Friday, March 23, 2012

Saks Fifth Avenue OFF 5TH Store Reopening in Nashville's Opry Mills09:00 EDT Friday, March 23, 2012 NEW YORK (Business Wire) -- Saks Incorporated's (NYSE: SKS) Saks Fifth Avenue OFF 5TH announced today that it plans to reopen its Nashville, TN store on Thursday, March 29, 2012. Located 15 minutes from downtown Nashville, next to the Grand Ole Opry House, the approximate 27,500 square foot store will be located in the Opry Mills Shopping Center. Operated by Simon Malls, upon completion, the Center will be the largest shopping outlet in Tennessee, with over 200 stores, multiple restaurants and an in-house movie theatre. The reopening marks Saks Fifth Avenue OFF 5TH's return to Opry Mills after it was closed by the May 2010 floods; the original store opened in April, 2000. In reopening the store a number of original staff are returning, including Store Director Kris Broadrick. “We are excited about Saks Fifth Avenue OFF 5TH's return to Nashville and the Opry Mills Shopping Center,” noted Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH. “We look forward to working with many familiar and new faces as we continue to bring Nashville the latest fashion at the best prices.” A distinctive assortment of brands will be available at outlet prices in the remodeled store, including women's and men's apparel, fine jewelry, handbags, shoes, and children's collections. For spring, women will find both designer and contemporary merchandise, from brands such as Ralph Lauren, St. John and Escada. Men can shop spring sportswear from designers such as John Varvatos, Penguin, Vince, James Perse, Marc by Marc Jacobs and Michael Kors, or opt for sleek tailoring by Saks Fifth Avenue, Calvin Klein, Hickey Freeman, and Versace. The Saks Fifth Avenue OFF 5TH assortment features spring's most sought-after trends, such as colored denim for all (even children!), printed pants, and loosely woven knits. The store will be modeled in Saks Fifth Avenue OFF 5TH's innovative ‘luxury in a loft' store design. Since its debut in 2008, the innovative layout has been well received and set a new standard in outlet shopping. This design maximizes efficiency and flexibility, enabling easy changes in the general layout. The store will be bright, uncluttered, with no hard aisles and one consistent hard-surface floor throughout. All fixtures will be on casters, ensuring ease in movement, and all hardware will be interchangeable between fixtures. In celebration of the re-launched store, Saks Fifth Avenue OFF 5TH will host a cocktail party for its loyal customers on Wednesday, March 28. Attendees will enjoy an exclusive preview of spring merchandise and receive a complimentary signature tote with any purchase. Continuing with opening celebrations, the community is invited to attend a red carpet experience on Friday, March 30 from 11 to 5, where a photographer will be on hand to capture the guests as they enter. Throughout the opening weekend, all customers will receive a VIP Savings Pass with five opportunities to save and will be eligible for FastCash by signing up for the Saks Fifth Avenue OFF 5TH MORE! Rewards loyalty program. This program offers weekly discounts, sales and promotions on merchandise throughout the store. About Saks Fifth Avenue OFF 5TH Saks Fifth Avenue OFF 5TH is the savvy shopper's premier source for value-priced designer clothing and accessories, offering customers an exceptional array of both coveted designer names and unique merchandise under the Saks Fifth Avenue label. Saks Fifth Avenue OFF 5TH places the highest priority on style, selection, and customer service. Today, there are a total of 61Saks Fifth Avenue OFF 5TH stores in 23 states. Saks Fifth Avenue OFF 5TH is a part of Saks Incorporated, which also operates 45 Saks Fifth Avenue stores and saks.com. Saks Fifth Avenue OFF 5THSophia Brown, PR Director, 212-451-3957Sophia_Brown@s5a.comorAmber Cacali, VP Marketing, 212-320-4783Amber_Cacali@s5a.comorSaks IncorporatedJulia Bentley, SVP Investor Relations, 865-981-6243Julia_Bentley@saksinc.com