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April 18, 2015 2:16 AM 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
President
Age: 40
Chief Financial Officer
President of Saks Direct
Age: 43
Compensation as of Fiscal Year 2014.

Saks Incorporated Key Developments

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 The former chief merchant at Harrods has been replaced by Marc Metrick, an executive with Saks' parent Hudson's Bay Co. He had spent 15 years at Saks, holding merchandising and strategy roles before becoming chief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.

Saks Fifth Avenue Announces Plans to Open New Store in Las Vegas, Nevada

Saks Fifth Avenue OFF 5TH has announced its plans to open a new store within Las Vegas Premium Outlets North, Las Vegas, Nevada in April 2015. Delivering world-class fashion at real value, Saks Fifth Avenue OFF 5TH's new 28,000 square feet shop on two levels will offer hundreds of top-of-the-line designer fashion brands for both men and women. Located three miles north of the strip, this is the second Saks Fifth Avenue OFF 5TH store in Las Vegas. The new Saks Fifth Avenue OFF 5TH will reside in Las Vegas Premium Outlets North at 875 South Grand Central Parkway Las Vegas, NV 89106. Saks Fifth Avenue OFF 5TH also announced it will open a relocated store at Las Vegas Town Center on Las Vegas Boulevard in March 2015.

Saks Fifth Avenue to Open New Store in White Plains, New York

Saks Fifth Avenue OFF 5TH has announced the opening of a new store at the White Plains Shopping Center in New York. The new store, OFF 5TH's first in Westchester County, is set to open in March 2015 and will boast close to 1,000 brands, including some of the biggest names in fashion. This store will occupy approximately 25,000 sf and is designed with an open, modular layout organized by lifestyle first, then size. New arrivals will be shipped to the store regularly, providing customers the opportunity to discover one-of-a-kind designer finds for both men and women. The new Saks Fifth Avenue OFF 5TH will reside in the White Plains Shopping Center at 29 Tarrytown Road, White Plains, NY 10607.

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