Sunday, November 23, 2014Light Rain Shower 6°C
Fashion & Style

Saks Fifth Avenue coming to Yonge & Queen

Posted by Derek Flack / January 27, 2014

Saks Fifth Avenue Eaton CentreSaks Fifth Avenue is coming to the Eaton Centre. Well, almost. Technically set to open across the street at Yonge and Queen, with the announcement that Hudson's Bay has sold its flagship location to Cadillac Fairview, operator of the neighbouring mall, it's about as close to being a part of the Eaton Centre as you can get. The Bay will lease back its retail space for a minimum of 25 years as part of the deal.

Previously, HBC planned to open a Saks flagship store at Yonge and Bloor and was considering locations at Sherway Gardens and Yorkdale Mall, but there hadn't been much speculation about a downtown store. It's unclear how Saks will split space with the existing Bay, but the future location has been described as "full-service." With recent news that Nordstrom is set to revitalize the soon-to-close Sears space at the north end of the mall, a major injection of US retail is on its way for the Eaton Centre.

Photo by David Cantatore in the blogTO Flickr pool.

Discussion

21 Comments

Moaz Ahmad / January 27, 2014 at 09:51 am
user-pic
Whoa...This is quite unexpected that they would go to Yonge & Queen as well as Yonge & Bloor.

It's too bad we've lost so much of the Eaton's Department Store at the corner of Yonge & Queen ... or there could be real cross-the-street competition again in Toronto.

I wonder if there is a future fir a department store at College Park....maybe Simons....
Jason Paris / January 27, 2014 at 10:11 am
user-pic
Now with both buildings under Cadillac-Fairview ownership, you could also probably say that the old "Simpson's Complex" is now part of the Eaton Centre as well. Thereby, the Toronto Eaton Centre will come out of this with three department stores, as opposed to the current one.
Brent / January 27, 2014 at 10:21 am
user-pic
That's "Saks Fifth Avenue is coming to Toronto Eaton Centre" to you. Sincerely, Meredith Vlitas, Senior Marketing Director.
gayguy89 / January 27, 2014 at 10:30 am
user-pic
They should have put this at Sherway or Yorkdale.

Too many broke hipsters downtown.
PierreNick / January 27, 2014 at 10:31 am
user-pic
It won't change that much, considering part of that Hudson's Bay was getting very high-end already (The Room, etc).

Also, maybe new incentives for redoing that abysmal walkway over Queen St.?
A / January 27, 2014 at 10:44 am
user-pic
According to the Globe & Mail:

"Cadillac also agreed to upgrade the bridge that connects the Hudson’s Bay store to the Eaton Centre, and officially make the store part of the mall."

http://www.theglobeandmail.com/report-on-business/hbc-to-sell-flagship-toronto-store-in-650-million-deal/article16516753/
brian / January 27, 2014 at 10:44 am
user-pic
An unfortunate decision. There was high hope that a Saks store at Yonge and Bloor would serve as the gateway to Bloor. Maybe even call it "Saks on Bloor" Seems like two locations may result in what we have with the Bay, where one location just seems to get left behind. Also creates confusion as both stores could not be identical in the range of product offerings.
Wsut / January 27, 2014 at 10:47 am
user-pic
Wait, Yonge & Bloor isn't downtown...?
PierreNick replying to a comment from PierreNick / January 27, 2014 at 10:53 am
user-pic
>Also, maybe new incentives for redoing that abysmal walkway over Queen St.?

The Globe and Mail confirms:
"Cadillac also agreed to upgrade the bridge that connects the Hudson’s Bay store to the Eaton Centre, and officially make the store part of the mall."

http://www.theglobeandmail.com/report-on-business/hbc-to-sell-flagship-toronto-store-in-650-million-deal/article16516753/
iSkyscraper / January 27, 2014 at 11:02 am
user-pic
Makes perfect sense given Nordstrom. And Sak's loves being in an older, historic building. Hey, at least it's not Macy's taking over the place.

Note that there will now NOT be a Sak's at Yonge and Bloor. That building sucks, and would face competition from Holt's. Here they will have the tourist shoppers all to themselves.

And the real icing on this deal is the crappy Simpson office tower, which I expect Cadillac to do a bang-up renovation on. Think LEED, glass, retro-modernist. Should be snappy.

Well played, HBC. Well played.
iSkyscraper replying to a comment from iSkyscraper / January 27, 2014 at 11:04 am
user-pic
I mean, at the EC they will have the high-end tourist shoppers all to themselves and Nordstrom, but they would probably much rather co-locate with them than Holt Renfrew. They do it all the time at luxury malls in the US.
NotThatDave replying to a comment from brian / January 27, 2014 at 11:46 am
user-pic
"Maybe even call it 'Saks on Bloor'" How appropriate for Canada's gayest city.
Deric / January 27, 2014 at 11:53 am
user-pic
This is a shame. While I like the competition that new retailers bring to Canada (yes, I know HBC bought Saks, so it's not really new), I'm disappointed that the location at Yonge/Queen is going to be anything aside from JUST Hudson's Bay. This location is iconic, and probably the only 'Bay' store that I enjoy shopping in. I really hope that it's a smaller, truncated version of the large Saks at Bloor - and not a full out takeover.

HBC has to be careful they don't ruin their 'homegrown' image by going too far with Saks.
lemonista replying to a comment from Deric / January 27, 2014 at 12:07 pm
user-pic
It was an iconic Simpsons. As the Bay? Meh.
Trudy / January 27, 2014 at 01:32 pm
user-pic
This is a BIG win for Toronto and for Eaton Centre. LOVE IT! I will be shopping downtown again!
thanos / January 27, 2014 at 03:21 pm
user-pic
The Saks that was slated for Bloor is dead. There will be no Saks at Yonge/Bloor.
Al / January 27, 2014 at 03:42 pm
user-pic
It's a real shame that the Bloor store is dead. The existing Bay store looks like a concrete bunker from the outside. A revitalization would have completely changed the character of Bloor east of Yonge, especially with One Bloor East opening across the street.
Shane Moxey / January 27, 2014 at 05:08 pm
user-pic
We thought the Bay at Yonge and Queen would compete with Norstroms in the old Sears location perfectly well. Saks at Yonge and Bloor in a revamped,location fits in that neighbourhood competes with Holtz flagship store. That should bring shopping 'cool' back to downtown core.
michelle / January 28, 2014 at 12:48 pm
user-pic
I hate this idea. The Bay and Y/Queen is by far the best in the city, and it has been renovated over the past few years as well. I do not see a Saks in this location performing as well as it would at Bloor Street. While a different demographic than the likes of Target, it is apparent that most new US imports have not had the success that was anticipated.
What upsets me the most is not the arrival of Saks, but the complete disregard for heritage by replacing an iconic Canadian company in an iconic Canadian building. There are many other places to set up shop, why put it there!
Simon Tarses replying to a comment from Al / May 3, 2014 at 09:00 pm
user-pic
I have a better idea about what to do with the Yonge & Bloor store location; why not turn it into a new Uptown theater instead (that is, IF HBC doesn't want it anymore?) It would make up for what happened when the old Uptown was torn down.
yahya vohra / July 10, 2014 at 05:25 am
user-pic
Great and good idea

Add a Comment

Other Cities: Montreal