Fashionistas in the capital looking for designer deals have a new shop to frequent: Saks OFF 5th.

Saks Fifth Avenue's lower priced company celebrated its grand opening at Kanata's Tanger Outlets on Thursday, exactly one week after two stores opened in Toronto.

The shop promises prices of up to 60% off more than 800 designers from Prada to Valentino and Yves Saint Laurent.

"This is bringing some more options to Ottawa and bringing Ottawa's fashion up, which I'm happy with," said Ashley Chabot, an excited shopper.

The Tanger Outlets location is part of the company's expansion into the Canadian retail industry. Up to 25 stores are expected to open by 2019; four are already open.

"I think it's fantastic," said Lorna DiFiore. "I love Saks and I used to have to drive to the States and I don't have to do that anymore."

But high-end retail stores haven't always had success in Ottawa. In January 2015 Holt Renfrew closed its Ottawa location to focus on its larger stores in Montreal and Toronto. Saks OFF 5th, owned by the Hudson's Bay Company, also faces competition from the U.S. retail giant Nordstrom and soon to open Nordstrom Rack.

Saks OFF 5th is scheduled to open at the Rideau Centre this Fall.