The closing date is not known but the luxury chain is now poised to place its New Jersey bet on the American Dream.
After more than 20 years in an upscale North Jersey mall, Saks Fifth Avenue is checking out.
It is unknown when the store in The Mall at Short Hills will shutter, but the luxury chain is now poised to place its New Jersey bet on the American Dream.
"Saks is committed to our shoppers in the New Jersey market with our investment in a brand new Saks Fifth Avenue store at American Dream in East Rutherford, N.J.," a spokeswoman for the retailer, Tiffany Bourre, said in a statement provided to NJ Advance Media.
Here's everything promised for the Meadowlands megamall
The retailer has already announced plans to open a 132,000-square-foot storefront in the long-stalled East Rutherford megamall, in addition to its discount offshoot store, Off 5th Avenue, in the complex.
According to Debbie Patire, a spokeswoman for the American Dream, 75 percent of the nearly 3 million square feet of leasable space has been filled in the megamall and the developers still stand by its 2017 debut, despite more delays recently over funding.
Saks has been an anchor store in the Mall at Short Hills since the mid-'90s.
Along with the other anchor shops, Bloomingdale's, Macy's, Neiman Marcus and Nordstrom, the mall advertises a directory of more than 150 specialty retailers and restaurants, 40 of which are the boutique's only New Jersey location.
Saks' soon-to-be-shuttered storefront is its only location in New Jersey remaining after the high-end chain left the Shops at Riverside in Hackensack two year ago.
There is still an Off 5th store in The Mills at Jersey Gardens, but Saks failed to address if it planned on doubling-down on the American Dream, operating at the Meadowlands exclusively in New Jersey.
Craig McCarthy may be reached at CMcCarthy@njadvancemedia.com. Follow him on Twitter @createcraig. Find NJ.com on Facebook.