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Saks Fifth Avenue to Shutter Men’s Store at Brookfield Place

Saks Fifth Avenue will close its men’s store at Manhattan’s Brookfield Place on Jan. 31. If that sounds like déjà vu, it’s probably because the retailer made the same announcement about its Brookfield Place 86,000-square-foot, three-level women’s store in January 2019, after only two years in operation. However, Saks isn’t saying goodbye to the urban shopping mall in lower Manhattan. The retailer said it will hold onto the 16,000-square-foot space for a new concept it’s developing. Details about the upcoming store were not revealed. “The Brookfield Place Saks Fifth Avenue men’s store will close on Jan. 31,” said the retailer’s parent, Hudson’s Bay Co. Inc. “With this branch location, we determined that our customers’ preferred shopping experience is a combination of our digital channels and our iconic Fifth Avenue flagship, where we have created an unparalleled luxury shopping destination.” The Saks Fifth Avenue flagship is about 70 percent renovated, according to store executives. A multiyear renovation project is running above the original $250 million budget, although not by a huge amount. “The decision to close this location was not easy, and we intend to transfer as many sales associates to new roles as possible. HBC is planning to retain the space and is in

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