Retailer Saks Incorporated (NYSE: SKS) (the “Company”) announced the grand opening of its licensed Saks Fifth Avenue store in Almaty, Kazakhstan today, September 30, 2012.
The tri-level, approximate 91,000 square foot store is located in the Esentai Shopping Mall which is the first of its kind in Kazakhstan. In addition to being anchored by Saks Fifth Avenue, the Esentai Shopping Mall includes a large selection of branded luxury fashion and jewelry stores. The shopping mall is part of Esentai Park, a new mixed-use development which includes luxury residential and commercial towers as well as a five-star hotel which is expected to open in 2013.
The new Saks Fifth Avenue store reflects a modern, streamlined design and features a three-story high, Saks Fifth Avenue logo wall on the facade of the shopping mall.
The Almaty store is congruent with the Saks Fifth Avenue stores in the United States in product and service, while catering to local tastes and preferences. The store includes distinctive offerings from established and emerging American and international designers and offers sought-after collections of fine designer apparel for women and men as well as shoes, jewelry, accessories, handbags, fragrances, cosmetics, intimate apparel, children’s apparel, and select gift items. Some brands that will be offered in the new store include: Alaia, Alexander Wang, Brioni, Celine, Christian Louboutin, Dolce & Gabbana, Giorgio Armani, Gucci, Isaia, Jimmy Choo, Kiton, Lanvin, Loro Piana, Marc Jacobs, Michael Kors, Philip Lim, Ralph Lauren, Tory Burch, and many others.Saks Fifth Avenue is known for its extraordinary personalized customer service, and the new store will include a VIP Club for both women and men and offer an ongoing calendar of special events such as fashion shows and personal appearances by designers. Stephen I. Sadove, Chairman and Chief Executive Officer of Saks Incorporated, commented, “We are very happy to open a Saks Fifth Avenue store in the growing and vibrant country of Kazakhstan. We are confident that the residents of and visitors to the country will be pleased with the beautiful store, the wonderful and distinctive merchandise selections, and the exemplary service offered by Saks Fifth Avenue.”
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