Saks Off Fifth to leave downtown Minneapolis - for
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Saks Off Fifth to leave downtown Minneapolis - for now By Tom Webb
06/05/2014 12:01:00 AM CDT Updated:
06/05/2014 09:27:21 PM CDT
Ten years after the Saks Fifth Avenue store in downtown Minneapolis closed, the associated Saks Off Fifth store announced it would close, too, in January 2015. (Pioneer Press 2004 file) [b][url=http://www.ucimex.org]tiffany and co[/url][/b]
[b][url=http://www.ucimex.org]Tiffany Outlet[/url][/b] The owner of Saks Fifth Avenue said it will close its Saks Off Fifth location in Gaviidae Common in January, but stay tuned -- it still hopes to have a presence in downtown Minneapolis.
[b]<a href="http://www.ucimex.org">2014 New Style Tiffany & Co Jewelry On Sale </a>[/b] "When Hudson's Bay Co. acquired Saks Incorporated (in 2013), the decision to close the store was already made," company spokeswoman Tiffany Bourre said in an email Thursday. "However, we are actively looking for opportunities to reopen a location in downtown Minneapolis."
[b]<a href="http://www.ucimex.org">Tiffany Outlet</a>[/b] The Saks Off Fifth location was the last surviving element of Saks' original entry into downtown Minneapolis 25 years ago, when it opened a luxurious four-story Saks Fifth Avenue store on Nicollet Mall that anchored Gaviidae Common.
[b][url=http://www.ucimex.org] Tiffany Outlet online[/url][/b] The main Saks closed in 2004, but the off-price Saks Off Fifth continued on two of its floors.
[b][url=http://www.ucimex.org] tiffany jewelry[/url][/b] Since then, Saks Off Fifth has been a destination for scoring sought-after luxury designer brands such as French Connection, Burberry London and Badgley Mischka at deep discounts.
Gaviidae Common's other high-fashion anchor, Neiman Marcus, closed its doors in 2013. The northern portion of the mall is being renovated, with its top two floors being turned into office space.
The statement from Saks' owners also noted that the soon-to-open Twin Cities Premiere Outlets in Eagan will have a Saks Off Fifth location. That open-air outlet mall is scheduled to open in mid-August.
In the summer of 2013, Ontario, Canada-based Hudson's Bay acquired Saks for $2.4 billion, and analysts suspected the deal was as much about the real estate holdings as it was about the lure of its fashions.
The Minneapolis-St. Paul Business Journal reported Thursday that Walgreen's is "nearing a deal" to open a large upscale store in the spot.
Nancy Ngo contributed to this story. Tom Webb can be reached at 651-228-5428. Follow him at twitter.com/TomWebbMN . Print
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