Saturday , October 23 2021

Decathlon to replace Saks Off Fifth Store in Montreal Eaton Center | The business



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TORONTO – The European sports chain Decathlon is replacing Saks Off Fifth in a two-story location at the Montreal Eaton Center.

Hudson's Bay Company says the company and the developer of the Ivanhoe Cambridge mall have agreed not to open another Saks Off Fifth site.

The owner of the Toronto department store chain told The Canadian Press that plans for the site were abandoned "due to several factors," but declined to reveal what those factors were.

A spokesman for the owner of the Montreal Eaton Center confirmed that the store would not be opening, but also did not provide a reason for that.

The French-based sporting goods store, Decathlon, will open in the Saks space next fall, the first of a downtown location in Canada.

"This downtown location, which is relatively new to us, will enable us to deliver more effectively our brand promise, which is to make sports accessible to as many people as we can," said Tristan Vende of Decathlon Canada. said in a press release.

Ivanhoe Cambridge's vice president of lease, Jean Landry, said the opening of Decathlon is one of the highlights of the $ 200 million revitalization project for a property that once housed the Eaton department store and the adjacent mall.

Decathlon operates more than 1,400 stores in 42 countries and generates nearly $ 13 billion in annual sales.

In addition, the Europe-based Time Out Market will open in Canada for the first time at the mall. It will offer 16 food options, two bars, a demonstration kitchen, cooking academy and retail store.

HBC announced in late 2015 that the supplier of discount designer clothing and other products would open at the center in 2018 as part of the Canadian expansion of the brand.

The company said the store would occupy about 4165 square meters (44,850 square feet) in the Montreal Eaton Center and Les Ailes Complexe spaces, which merged in 2016.

HBC says it operates 18 Saks Off Quinto locations in Canada in cities like Ottawa, Winnipeg and Niagara-on-the-Lake, Vaughan and Pickering, Ont.

Companies in this story: (TSX: HBC)

The Canadian Press



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