Marina Strauss writes in the Globe and Mail that Saks Fifth Avenue, which is owned by the Hudson’s Bay Co. will bring with it to Toronto the discount chain Off 5th. as it opens stores next year. Unlike in the U.S. Saks will apparently locate Off 5th stores nearby or next to its Saks branded outlets. It seems like an effort to build volume regardless of previously finicky concerns about location. Ms Strauss quotes Jerry Storch, CEO of Hudson’s Bay, for this information.
