Hudson’s Bay Company plans to renovate and convert a Lord & Taylor Outlet store it operates in Shrewsbury, NJ, to a Saks Fifth Avenue Off 5th operation. The company anticipates the conversion process to finish by early 2016, and expects the new Saks Off 5th store to open in April 2016.
The new Off 5th store will offer more than 800 brands from new and established designer labels, Hudson’s Bay noted. The store is located at Shrewsbury Plaza Shopping Center.
“This strategic decision allows us to deliver our exciting Saks Off 5th experience in a new location while strengthening the luxury-value market in the region. We believe this is the right move for our company to transform and elevate this store location, and we look forward to introducing the Saks Off 5th brand to consumers in Monmouth County when we open our doors next spring,” said Jonathan Greller, president of outlets, Hudson’s Bay Company.