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May 29, 2015 11:25 PM ET

Multiline Retail

Company Overview of Saks Incorporated

Company Overview

Saks Incorporated operates retail stores in the United States. The company’s retail stores offer an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. It operates Saks Fifth Avenue stores that are primarily free-standing stores in premier shopping destinations or anchor stores in upscale regional malls. The company also operates Saks Fifth Avenue OFF 5TH stores, a luxury off-price retail store located in upscale mixed-use and off-price centers. As of January 27, 2014, it operated 41 Saks Fifth Avenue stores; and 72 Saks Fifth Avenue OFF 5TH stores. The company also sells its products online at saks.com or by catalog. The company was founded in 1919 and is headq...

12 East 49th Street

New York, NY 10017

United States

Founded in 1919

10,425 Employees

Phone:

212-940-5305

Key Executives for Saks Incorporated

Chief Executive Officer
Age: 48
Chief Executive Officer
Age: 75
Chief Financial Officer
President of Saks Fifth Avenue
Age: 40
President of Saks Direct
Age: 43
Compensation as of Fiscal Year 2014.

Saks Incorporated Key Developments

Saks Fifth Avenue OFF 5TH Enters the Downtown Market with First Metropolitan Store Location in San Francisco

Saks Fifth Avenue OFF 5TH announced opening of its first metropolitan store at 901 Market Street, located in the heart of downtown San Francisco. The new 40,500 sq. ft. store features an impressive assortment of more than 800 brands from top designers to emerging labels, with fashion and accessories for women and men arriving weekly. The opening will take place May 28, 2015. To celebrate the opening, shoppers are invited to visit the store an hour prior to opening for a chance to win fabulous prizes.

Saks Fifth Avenue OFF 5TH to Open in Beverly Connection Shopping Center, Beverly Hills, California

Saks Fifth Avenue OFF 5TH has announced that it will open its first store in Los Angeles County within the Beverly Connection shopping center in Beverly Hills, California. The new two-level, 27,000 square foot store will be fashioned in an open, modular layout, and feature a unique and unparalleled selection of designer finds for both men and women.

Saks Fifth Avenue Announces Executive Changes

Marigay McKee has left Saks Fifth Avenue after just 15 months as president. The former chief merchant at Harrods has been replaced by Marc Metrick, an executive with Saks' parent Hudson's Bay Co. He had spent 15 years at Saks, holding merchandising and strategy roles before becoming chief strategy officer. Most recently he has been HBC's chief administrative officer. McKee joined Saks on January 1, 2014.

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