US-based retailer Saks Fifth Avenue OFF 5TH has opened a new store at Springfield Town Center in Springfield, Virginia.
Springfield Town Center is owned by PREIT, a US-based real estate investment trust.
The luxury-value retailer occupies 30,000ft² spread across two levels, marking the retailer's first mall location in Northern Virginia and a first in PREIT's portfolio.
PREIT CEO Joseph Coradino said: “The addition of Saks Fifth Avenue OFF 5TH underscores our commitment to strengthening a key premier property, Springfield Town Center, and also improving quality through the addition of in-demand retailers throughout our portfolio.
“Premium off-price retailers are growing market share with consumers and the Saks OFF 5TH brand is a leader in this category, offering our shoppers an accessible luxury off-price retail experience.”
Saks Fifth Avenue OFF 5TH retails a lineup of more than 800 brands and offers discounts of up to 70%. The new store offer a collection of designer fashion, accessories, and footwear for both men and women.
Gilt and Saks OFF 5TH president Jonathan Greller said: “The opening of Saks OFF 5TH at Springfield Town Center is an exciting step as we continue to grow our footprint across the United States.
“We look forward to bringing Springfield shoppers the Saks OFF 5TH 'thrill-of-the-hunt' experience we are known for, delivering on-trend, premium fashion finds at the best value.”
Image: Saks Fifth Avenue OFF 5TH opens outlet in Springfield Town Center. Photo: courtesy of PREIT.