Photo: Saks Fifth Avenue
It turns out having a shoe department that has its own zip code is not enough for Saks Fifth Avenue. The retailer has plans to launch a stand alone shoe store in Greenwich, CT in the fall of 2016. The shoe store concept will be base off the 10022 – shoe concept. Saks launched its 10022 – Shoe concept in 2007 on the eighth floor of its NYC flagship store.
The new Greenwich store will be include 11,0000 square feet of space dedicated solely to shoes. Saks flagship 10022-Shoe floor contains about 16,250 square feet of selling space. This represents a huge commitment to Greenwich and I am sure if successful will be the model for future stand-alone stores in other markets. Read more about Saks’ shoe play here.