Saks Fifth Avenue Announced Plans for First Store in San Juan

Saks Fifth Avenue revealed exciting details about the opening of the first Saks Fifth Avenue store in Puerto Rico. The 100,000 square foot, multi-level store opens in conjunction with the Mall of San Juan on March 26, 2015.

"There is great opportunity in San Juan - the demand for luxury retail from locals and tourists is thriving," commented Marigay McKee, President of Saks Fifth Avenue. "Our new store solidifies another milestone for Saks Fifth Avenue, and we are excited to embrace Puerto Rico as a new frontier for our brand and extend our legendary shopping experience to the area."

Conveniently located near the Luis Muñoz Marín International Airport and several luxury hotels, the new Saks Fifth Avenue location will offer visitors and residents an unparalleled assortment of luxury brands, such as Stella McCartney, Diane von Furstenberg, Dolce & Gabbana, Roberto Cavalli, Alexander McQueen, 3.1 Phillip Lim, Etro, Oscar de la Renta, and many others.

Saks Fifth Avenue San Juan will introduce the market to the famous 10022-SHOE, Puerto Rico's most well-heeled ZIP code. The space will provide an extensive shoe selection, offering luxury brands such as Valentino, Christian Louboutin, Salvatore Ferragamo, Manolo Blahnik, Saint Laurent, Giuseppe Zanotti, Chloé and many more.

The location will feature a vast collection of designer menswear, a grand designer handbag selection, and numerous beauty and cosmetics offerings. The store will also house a full-service Fifth Avenue Club for personal shopping and a Sophie's restaurant, the first fine dining experience offered inside a luxury retail store in San Juan.

Created by the Saks Fifth Avenue design team in partnership with design firm Jensen and Goldstein, the new property will feature breathtaking architectural detail and elements of surprise. The hallmarks are an eclectic mix of furniture, decorative lighting and accessories, as well as innovative materials and finishes. Enticing exterior features will include an oversized canopied valet area, a reflecting pool water installation, and a custom brise-soleil screen. The interior will showcase hand-blown glass chandeliers, and custom full-height transition screens and mirrors made of luxurious metals and specialty glass.

To celebrate the launch of the store, Saks Fifth Avenue San Juan will host a series of events throughout opening week. Saks will partner with the Puerto Rico Museum of Contemporary Art to kickoff the week with a large scale cocktail party on Monday, March 23. Constituents of the organization are invited to shop the store, and enjoy cocktails and canapés in a lively atmosphere of musical ensembles and one-of-a-kind art installations created exclusively for the opening.

On Thursday, March 26, Marigay McKee, President of Saks Fifth Avenue, and iconic designer Diane von Furstenberg will formally reveal the new store to the public with a ribbon cutting ceremony at 9 AM. Immediately following the ceremony, Ms. von Furstenberg will join Marigay McKee for a meet and greet in store.

ABOUT SAKS FIFTH AVENUE

Saks Fifth Avenue, one of the world's pre-eminent specialty retailers, is renowned for its superlative American and international designer collections, its expertly edited assortment of handbags, shoes, jewelry, cosmetics and gifts, and the first-rate fashion expertise and exemplary client service of its Associates. As part of the Hudson's Bay Company brand portfolio, Saks operates 39 full-line stores in 22 states, five international licensed stores, 79 Saks Fifth Avenue OFF 5TH stores and saks.com, the company's online store.

ABOUT HUDSON'S BAY COMPANY

Hudson's Bay Company, founded in 1670, is North America's longest continually operated company. Today, HBC offers customers a range of retailing categories and shopping experiences primarily in the United States and Canada. Our leading banners - Hudson's Bay, Lord & Taylor, Saks Fifth Avenue and Saks Fifth Avenue OFF 5TH - offer a compelling assortment of apparel, accessories, shoes, beauty and home merchandise. Hudson's Bay is Canada's most prominent department store with 90 full-line locations, one outlet store and thebay.com. Lord & Taylor operates 50 full-line locations primarily in the northeastern and mid-Atlantic U.S., four Lord & Taylor outlet locations and lordandtaylor.com. Saks Fifth Avenue, one of the world's pre-eminent luxury specialty retailers, comprises 39 U.S. stores, five international licensed stores and saks.com. OFF 5TH offers value-oriented merchandise through 79 U.S. stores and saksoff5th.com. Home Outfitters is Canada's largest kitchen, bed and bath specialty superstore with 67 locations. Hudson's Bay Company trades on the Toronto Stock Exchange under the symbol "HBC".