REAL ESTATE

Ralph Lauren’s Denim & Supply format to make U.S. debut in New York City

BY Staff Writer

New York — Ralph Lauren Corp. will debut its Denim & Supply retail banner in the United States, opening a store in New York City this spring, according to WWD.com. It will be the first freestanding U.S. location for the brand, which features affordable price points.

Denim & Supply will be located at University Place in the city’s Greenwich Village area, in a space previously occupied by Ralph Lauren’s Rugby brand, which the company discontinued in late 2012. Ralph Lauren has already opened a number of Denim & Supply stores in Europe and Asia.

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REAL ESTATE

Saks to close Stamford, Conn., store

BY Katherine Boccaccio

New York — Saks Inc. announced Friday that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

The shuttering is part of the department store chain’s continued right-sizing strategy. “We routinely evaluate the productivity, profitability, and potential of each of our store locations,” said Steve Sadove, CEO. “This planned closing is consistent with our strategy of utilizing our resources in our most productive Saks Fifth Avenue stores.”

The company has operated its Saks Fifth Avenue store in Stamford since 1983.

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Cabela’s to open Outpost store in Waco, Texas

BY Staff Writer

Sidney, Neb. — Cabela’s Inc. announced plans to open a 42,000-sq.-ft. Cabela’s Outpost store in Waco, Texas.

Construction is scheduled to begin this spring and doors are expected to open this fall. It will be the company’s fourth store in Texas, joining the Fort Worth, Buda and Allen locations.

Cabela’s Outpost format is designed for efficiency, flexibility and convenience at approximately 40,000-sq.-ft. It features seasonal product assortments and a rugged, outdoor look and theme, including trophy wildlife displays.

Currently, Cabela’s operates 41 stores across the United States and Canada with plans to open an additional 14 by the end of 2014. The company opened its first Cabela’s Outpost store in Union Gap, Wash., in October 2012. It also opened a Cabela’s Outpost store in Saginaw, Mich., today.

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