Saks To Open a Men's Store In NYC's Financial District

By Tomi Kilgore Markets MarketWatch Pulse

Saks Fifth Avenue, which is owned by Canada's Hudson's Bay Co. , is opening Thursday a third store New York City, targeting men in the financial district. The Saks Fifth Avenue Men's Store will be at 250 Vesey Street in Manhattan, which was formerly 4 World Financial Center. Shoppers will have access to a "tech bar," and be able to design their own suits. Hudson's stock, listed on the Toronto stock exchange, has lost 12% over the past three months, compared with a 5.8% drop in the SPDR S&P Retail ETF and the S&P 500's 7.2% gain.

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