Saks Inc. acquires pre-teen chain

Birmingham, AL — In a $12 million transaction, Saks Inc. has purchased 11-unit Club Libby Lu, which operates "an experience-driven" retail and entertainment concept targeting pre-teen girls.

Stores average 1,100 to 1,500 square feet and are divided into four shopping zones: Libby's Laboratory (beauty and bath products), Libby's Bedroom (bedroom accessories, casual wear and sleepwear), Libby's Jewelry box (charm shop and jewelry) and The Style Studio (makeovers, dress-up apparel, shoes, and accessories).

Three additional Club Libby Lu stores currently are scheduled to open in 2003, and Saks said it will open more mall-based Club Libby Lu stores over time. In addition, the company plans to add Club Libby Lu shops to six of its Saks Department Store Group (SDSG) department stores in this year.

"This fresh, distinctive concept is consistent with the strategic direction of SDSG — to provide differentiated merchandise to our customers and to make our stores more exciting places to shop," said George Jones, president and ceo of Saks Department Store Group.

Mary Drolet will stay on as Club Libby Lu's ceo, based in Chicago, and will report to Jones.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!