United States

Saks Fifth Avenue to create huge men’s luxury-shoe department

Men are shelling out increasingly big bucks for their shoes — and Saks Fifth Avenue is gearing up to chase them. The luxury retailer on Monday revealed plans to open an 8,000-square-foot shoe department at its Fifth Avenue flagship on Wednesday — hawking everything from $65 Pumas to an $11,000 pair of Pierre Corthay alligator loafers. The new, sixth-floor emporium will be 60% larger than its predecessor and will boast at least 2,000 different pairs from more than 60 luxury brands, said Saks president Marc Metrick. The bold bet comes as men’s footwear has become the fastest-growing business at Saks, fueled in particular by surging demand for blingy sneakers, Metrick said. “Fashion is incredibly important to men,” Metrick tol ...