Saks Expands Presence in Mexico City

Second store opens in Plaza Carso
Posted October 21, 2010

Saks Inc. (New York) has opened its second licensed Saks Fifth Avenue store in Mexico. The two-level, 82,500-square-foot store is located in Plaza Carso, a new mixed-use development in Mexico City’s rapidly growing luxury zone of Polanco. The Plaza Carso development includes luxury residential and commercial towers, a cultural space accommodating two museums, a hotel, a performing arts theatre and an upscale shopping center.

Saks’ first Mexico City location opened in the Santa Fe Shopping Center in November 2007. Both stores reflect the Saks Fifth Avenue stores in the U.S. in product and service, while catering to local tastes and preferences. In Plaza Carso, the Saks store features a modern, streamlined design featuring floor-to-ceiling perimeter glass panels, which allow for natural light, a swirling curved staircase made of metal and stone, luxury fitting rooms and an exclusive valet entrance.

The stores are part of a license agreement with Operadora de Tiendas Internacionales, S. A. de C. V. and Prestadora de Servicios OTI, S.A. de C.V., wholly owned affiliates of Grupo Sanborns. Grupo Sanborns owns and operates both Mexico City stores under the license agreement.

“We are so excited to bring a second Saks Fifth Avenue store to Mexico City, especially to the new Plaza Carso center,” says Stephen Sadove, chairman and ceo of Saks. “Grupo Sanborns has been a great partner with Saks to deliver a differentiated, world-class selection of luxury brands and services to the residents of Mexico City. This second location will solidify Saks Fifth Avenue’s presence there.”

Saks Inc. operates 48 Saks Fifth Avenue stores and 56 Saks Fifth Avenue OFF 5TH stores.