Saks Fifth Avenue will open a store in Almaty, Kazakhstan, in August 2012, it has been announced. 91,000 square feet will be devoted to the well known USdepartment store brand alongisde other luxury outlets at the Esentai Shopping Mall. The high-end shop will also fit a three-storey high digital video screen on the outside of the building.
There are just 46 Saks Fith Avenue Stores in the worlds and the latest move to Central Asia is designed to tap into the rapidly expanding affluent population in the capital city of Almaty. VILED Fashion LLP, which is part of The VILED Group, already operates 15 luxury brand stores in the city of Almaty and will license the Saks Fifth Avenue store for Kazakhstan.
In This Story: Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country mainly located in Central Asia with a smaller portion west of the Ural River in Eastern Europe.
Kazakhstan is the world’s largest landlocked country. It has a population of 18.3 million residents, and has one of the lowest population densities in the world. Since 1997, the capital is Nur-Sultan, formerly known as Astana. It was moved from Almaty, the country’s largest city.
Kazakhstan was the last of the Soviet republics to declare independence during the dissolution of the Soviet Union in 1991.
Kazakhstan is the most dominant nation of Central Asia economically, generating 60% of the region’s GDP, primarily through its oil and gas industry. It also has vast mineral resources. Kazakhstan is a member of the United Nations (UN), WTO, CIS, the Shanghai Cooperation Organization (SCO), the Eurasian Economic Union, CSTO, OSCE, OIC, CCTS, and TURKSOY.
New York City (NYC) is located in the U.S. state of New York. The city is the center of the New York metropolitan area, the largest metropolitan area in the world with approximately 23 million people in its combined statistical area.
New York City has been described as the cultural, financial, and media capital of the world, hosting the headquarters of the United Nations, as well as the New York Stock Exchange.
