Why Saks Off 5th is opening another great store in CT

STAMFORD – The nation’s oldest department store chain operated a location just north of the city center from 1969 until last year. This week, a new era of retail begins at the intersection of High Ridge Road and Long Ridge Road.

Saks Off 5th will open a large store at 110 High Ridge on Thursday, taking up much of the space once occupied by Lord + Taylor and reviving in southwestern Connecticut the presence of a top retailer that shuttered the its hub at the Stamford Town Center shopping center last year. The new store will be Saks Off 5th location in Connecticut and 99th in the United States and Canada.

“Stamford was a natural fit for us,” said Rob Brooks, president of O5, the stores division of Saks Off 5th, in an interview. “We wanted to be part of the community again and we’re thrilled with our location. We really look forward to being there for our customers, providing them with a great shopping experience and really having that high luxury environment. and discounted prices that will give them access to the brands they want.

The new store will cover approximately 30,000 square feet, on one level, and will employ approximately 60 people. Whole Foods Market also plans to open a store at 110 High Ridge. These two establishments will succeed an approximately 157,000 square foot Lord + Taylor store, which closed in February 2021 after a 52-year run following the bankruptcy of L+T.

“We are delighted that Saks Off Fifth is opening this month at the former Lord + Taylor site,” Stamford Mayor Caroline Simmons said in a statement. “Their store will bring new retail businesses and new jobs to Stamford’s vibrant and growing economic ecosystem.”

About two miles south of 110 High Ridge, a Saks Off 5th store had operated from June 2015 to December 2021 at Stamford Town Center. This establishment was the successor to a Saks Fifth Avenue store, which closed in 2014 after more than 30 years at the mall. Both store groups are owned by the Hudson’s Bay Company, with Saks Off 5th operating as a discount alternative to luxury retailer Saks Fifth Avenue.

The release of Saks Off 5th, which occupied more than 56,000 square feet in downtown Stamford, marked one of many mall closures in recent years.

“There are external and internal factors that we take into account when evaluating our locations,” Brooks said, in response to a question from Hearst Connecticut Media about whether mall sales contributed. to Saks Off 5th’s decision to leave. “This location that we chose to close in downtown Stamford – it was just part of our natural process that we went through to explore all of the variables that come into play in determining why we would be in a location or why we might choose to close a place.

A Macy’s department store, which also sells discounted luxury goods, is still in operation in downtown Stamford. But Saks Off 5th officials believe there is enough demand in the area for Macy’s and the new store at 110 High Ridge.

“What really sets us apart is our all-pervasive approach to things,” Brooks said. “The ability for our customers to shop online and be in-store and have access to these luxury brands at a price is really what sets us apart.”

The new Stamford facility complements Saks Off 5th’s other two locations in Connecticut, in Clinton and West Hartford. It includes the second Saks Off 5th opening this year, following the July opening of a store in Eastchester, NY

“At this point, our sole focus is opening in Stamford this month and we look forward to providing our customers with exceptional value and service,” said Brooks. “We don’t have any additional opening plans to share at this time.”

While Hudson’s Bay sold Lord+Taylor to clothing rental company Le Tote in 2019, it retained the buildings that housed Lord+Taylor stores in its property portfolio through ownership and ground lease agreements. . In addition to 110 High Ridge, these holdings include former Lord + Taylor stores that closed between late 2020 and early 2021 at Westfield Trumbull, Danbury Fair and Westfarms shopping malls.

In response to a query from Hearst regarding its plans for the former Lord+Taylor locations, Hudson’s Bay said in its statement that “the Danbury Fair, Westfield Trumbull and Westfield Mall locations are currently vacant and immediately available for rental. . We strive to identify suitable tenants… Possible uses for each market include retail, entertainment, food and beverage, life sciences, medical and professional offices.

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