RETAIL
Off 5th Comes to the San Fernando Valley
Saks Fifth Avenue Off 5th, the outlet store for the very high-end Saks Fifth Avenue department store, is having a grand opening today in Woodland Hills of its third store in Los Angeles County and its 18th in the state.
The newest store at the Woodland Hills Shopping Center is 30,000 square feet and carries men's, women's and children's merchandise, with new goods arriving every day.
To celebrate the grand opening, the first 50 shoppers to arrive at the store each day from Thursday, August 4, to Sunday, August 7, will receive a treat that may contain a $100 Saks OFF 5TH gift card.
Last year, a 27,000-square-foot Off 5th store was opened at the Beverly Connection across the street from the Beverly Center shopping area on La Cienega Boulevard. A third LA County store is located in Cerritos.
Three years ago, Hudson's Bay Co. - a mid-range Canadian department store - acquired Saks Inc. for $2.5 billion and has been aggressively rolling out discount stores since then.
Earlier this year, Hudson's Bay bought flash-sales site Gilt Group and is now accepting returned Gilt merchandise in exchange for an Off 5th merchandise credit.
