Saks to Unveil New Concept Store: The Fifth Man
Luxury retailer Saks has had quite a busy 2013. Late July brought the company to a new owner, Canada's Hudson's Bay. Mid-September brought forth the resignations of both the company's president and its CEO. At the end of September, the company launched its much anticipated, three years in the making, $95 million overhaul of Saks OFF Fifth's e-commerce presence. Now, in mid-October, Saks has announced more big plans. "The Saks Fifth Avenue Man," or simply "The Fifth Man," is a new concept store Saks has developed in collaboration with luxury retail designers Jeffrey Hutchinson and Associates.