Sak's envisions 7 stores in Canada - in existing Hudson's Bay Outlets

U.S. real estate mogul Richard Baker’s deal to bring New York-based Saks Fifth Avenue into the Hudson’s Bay Co. fold sets the stage for a high-end retailing battle with rival Holt Renfrew & Co. for the increasingly discriminating Canadian consumer.

He said he will locate Saks’ stores in areas close to existing Holts outlets such as at the Hudson’s Bay store at Bloor and Yonge Streets in Toronto. He envisions up to seven Saks stores in Canada – in existing Hudson’s Bay outlets, replacing them with Saks or even in newly built stores – and as many as 25 Off Fifth discount outlets

Globe and Mail