Saks Fifth Avenue OFF 5TH to Open at The Promenade in Scottsdale, AZ

NEW YORK–(BUSINESS WIRE)–Saks Fifth Avenue OFF 5TH and Excel Trust are pleased to announce that
Saks OFF 5TH will open a new store at The Promenade, a landmark shopping
destination located at Frank Lloyd Wright Boulevard and North Scottsdale
Road in Scottsdale, AZ. Slated to open in October 2016, the new 25,000
square foot store will offer an exciting shopping experience with a
must-see selection of on-trend and in-season designer merchandise for
both men and women.

“We are thrilled to offer customers in Scottsdale an exciting, new
destination to shop amazing fashion at incredible prices with the debut
of Saks OFF 5TH in Scottsdale,” commented Jonathan Greller, President,
HBC Off-Price. “This opening expands our presence in Arizona to four
stores and we cannot wait to welcome Scottsdale shoppers when we open.”

Saks OFF 5TH will cater to the market with a fantastic assortment of
more than 800 brands, from emerging designer labels to some of the most
celebrated names in fashion. With new arrivals shipped to the store
daily, customers will discover fresh new merchandise, including
one-of-a-kind designer finds, with every visit. For additional Saks OFF
5TH shopping benefits, customers may sign up for the More! program on
saksoff5th.com. Rewards include insider access to exclusive discounts,
new arrival alerts, and more.

The new Saks Fifth Avenue OFF 5TH will reside at The Promenade located
at 16215 N. Scottsdale Road in Scottsdale, AZ 85254.

ABOUT SAKS FIFTH AVENUE OFF 5TH

As part of the Hudson’s Bay Company brand portfolio, Saks Fifth Avenue
OFF 5TH is a world-class destination for true fashion at extraordinary
value. The retailer’s 97 stores and e-commerce division, saksoff5th.com,
combine the two great joys of shopping: the delight of discovering the
best in luxury and the thrill of finding a deal. A sophisticated
shopping experience of carefully curated off-the-runway trends,
exceptional service, and savings on the biggest names in fashion, Saks
Fifth Avenue OFF 5TH leads the market as the premier luxury-value
destination.

ABOUT THE PROMENADE

Located on 87 acres at Frank Lloyd Wright & N. Scottsdale Rd., The
Promenade features a premiere collection of over 60 value-driven
retailers and restaurants including Nordstrom Rack, Stein Mart, Cost
Plus World Market and Trader Joe’s. The Promenade houses over 700,000
square feet of retail and is owned and managed by Excel Trust. For more
information visit www.scottsdalepromenade.com.

ABOUT EXCEL TRUST

Excel Trust owns and operates dominant community and power shopping
centers in top U.S. MSA’s.

Contacts

For Saks Fifth Avenue OFF 5TH
Tiffany Bourré, 905-595-7184
Tiffany.Bourre@hbc.com