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February 13, 2016 12:31 PM ET

Specialty Retail

Company Overview of Saks Fifth Avenue, Inc.

Company Overview

Saks Fifth Avenue, Inc. owns and operates retail stores to sell men's and women's fashion products in the United States. The company offers women’s apparel, such as dresses, tops, sweaters, coats, jackets and vests, jeans, pants and shorts, jumpsuits, skirts, suits and separates, active wear, sleepwear and loungewear, lingerie, swimwear, and others; men’s apparel, such as active wear, coats and jackets, dress shirts, jeans, pants and shorts, sport shirts, suits, sport coats and vests, sweaters and sweatshirts, swimwear, T-shirts and polos, ties and formalwear, underwear, and socks and sleepwear; and kids apparel. It also provides shoes, jewelry and accessories, handbags, wallets and cases, b...

12 East 49th Street

New York, NY 10017

United States

Founded in 1924





Key Executives for Saks Fifth Avenue, Inc.

Age: 41
Executive Vice President
Age: 67
Group Senior Vice President
Age: 50
Group Senior Vice President of Marketing
Age: 70
Senior Vice President and Director of The New York Flagship Store
Compensation as of Fiscal Year 2015.

Saks Fifth Avenue, Inc. Key Developments

Saks Fifth Avenue Unveils Plans for its First Two Stores in Toronto

Saks Fifth Avenue announced opening of two full-line Saks Fifth Avenue stores in Toronto, Canada. The 163,000 square-foot location in the Eaton Centre at Queen Street is expected to open on February 18, 2016. Just a week later, the 150,000 square-foot Sherway Gardens location is anticipated to open on February 25, 2016. The Saks stores at Eaton Centre in Queen Street and Sherway Gardens will include a number of luxurious offerings to delight and entertain Toronto residents and visitors alike. They will feature an extensive array of women’s designer ready-to-wear, a grand designer handbag selection, robust beauty offerings and unique men’s areas complete with a made-to-measure lounge. The two locations will also include 10022-SHOE, Saks Fifth Avenue’s signature women’s designer shoe salon that will showcase an extensive selection of designer brands. Both stores will introduce The Fifth Avenue Club, Saks Fifth Avenue’s personal shopping and styling service. Saks Fifth Avenue Eaton Centre at Queen Street and Sherway Gardens will also feature the renowned luxury hair and beauty salon, John Barrett. As the retailer’s new official in-store salon and spa partner, John Barrett will be an integral part of the Canada stores. As part of the landmark launch of the Saks Fifth Avenue brand in Toronto, Pusateri’s Fine Foods will be integrating a world-class food experience at the luxury department store’s first two Canadian locations. Saks Food Hall by Pusateri’s, taking over 21,000 square feet in the Eaton Centre at Queen Street and 18,500 square feet in Sherway Gardens, will be an unparalleled destination for fine international food products, gourmet prepared foods, and integrated full-service experiences, offering an elevated and luxurious atmosphere synonymous with both the Pusateri’s and Saks Fifth Avenue brands. Through these new stores, Saks Fifth Avenue will also introduce The Personal Shopping Experience to the Greater Toronto Area.

Saks Fifth Avenue Announces New, Relocated Store in Bal Harbour, Florida

Saks Fifth Avenue announced on that it plans to relocate its store within Bal Harbour Shops in Miami, Florida. This new 180,000 square-foot, three-level location, expected to open autumn of 2019, will be an onsite replacement of the existing store and will anchor the newly expanded wing of the mall. The relocated store within Bal Harbour Shops, nearly a decade in the making, will expand and elevate its existing assortment of designer merchandise including women's ready-to-wear, men's, jewellery, shoes and handbags. Currently, Saks Fifth Avenue operates four other full-line stores in the South Florida region including Dadeland, Boca Raton, Naples and Fort Myers, with plans to open another store at Brickell City Centre in downtown Miami in the autumn of 2016.

Saks Fifth Avenue Announces Plans to Open a 21,000 Square-Foot Store in the Greenwich Area

Saks Fifth Avenue announced plans to open a 21,000 square-foot store, providing a new destination for Jewelry and Contemporary Women’s Ready-to-Wear in the Greenwich area. The new location at 200 Greenwich Avenue will be in addition to the stand-alone 10022-SHOE store and existing Saks Fifth Avenue in downtown Greenwich. With the introduction of a third location in Greenwich, Saks Fifth Avenue will expand the space dedicated to its highly productive women’s designer ready-to-wear assortment in the existing store. The upper level will see changes to its current layout, including creating increased space for vendor shops. A private fine jewelry viewing room will also be added to enrich the overall customer experience.

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