Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to Vox.com, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.
Whether it's due to a shift in the economy or a shift in customers, it's clear that Saks Fifth Avenue is going through some serious reshuffling. In addition to the three-year restoration of the luxury department store's retail flagship, its Financial District debut, and the opening of Saks Off Fifth locations throughout the city — including a just-announced fancy East 57th Street location set for next spring — the company is also branching out into more specified store set-ups, with the New York Times reporting that a menswear-only storefront is headed downtown.
The exact opening date and even the location of the Saks men's store couldn't be disclosed by Saks representatives when we reached out this morning [Update: The New York Post reports on December 11th that the address is 250 Vesey Street]. The first merchandise-specific store it announced was 10022-shoe-only outpost that's coming to Greenwich, Connecticut next fall.
The Times speculates that this could be Saks's attempt at keeping its head above water in a time when department stores are increasingly losing relevance, citing that both Macy's and Nordstrom recently reported a drop in sales, These renovations and expansions are an effort to bring a little of the old-fashioned extravagance and comfort back to department store shopping, and perhaps sway customers away from the tempting option of e-commerce.