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February 10, 2016 9:25 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: 49
Chief Executive Officer
Age: 76
Chief Financial Officer
President of Saks Fifth Avenue
Age: 41
President of Saks Direct
Age: 44
Compensation as of Fiscal Year 2015.

Saks Incorporated Key Developments

Saks Fifth Avenue Terminates Tania Beasley-Jolly as Director

St. Louis native Tania Beasley-Jolly is out as marketing director of Saks Fifth Avenue in St. Louis, due to a recent corporate reorganization. No replacement has been named. Beasley-Jolly will instead focus on the Saint Louis Fashion Fund, of which she is a founding member, and her position as the chair of the Caleres Emerging Designer award. She hopes to spend more time working on brand consulting with emerging designers, as her passion is to nurture young design talent in the fashion industry.

Saks Fifth Avenue to Open Two New Stores in Toronto, Canada

Saks Fifth Avenue has announced that it will open 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. The Club's expert personal shoppers will offer an unmatched level of attention and distinguished services tailored to the customers' needsplus access to a private suite, refreshments and moreright in the middle of Saks Fifth Avenue. 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. The salon will offer clients the expertise of top international stylists all while enjoying a relaxing and luxurious experience. Overall design will be led by Tricarico Architecture and Design and the staff will be chosen and trained by Barrett himself. As part of the 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. Pusateri's is world-renowned as an authority in fine foods, lauded for its exceptional quality, exemplary selection, and incomparable customer service-three pillars the gourmet grocer will bring to its partnership with Saks Fifth Avenue. Oliver & Bonacini (O&B)one of Canada's leading fine dining restaurant, events and catering companies, founded by Peter Oliver and Michael Bonaciniwill launch unique restaurant concepts at each location. The restaurant and bar in the Eaton Centre store will span three floors at 11,000 square feet at the corner of Yonge and Richmond Streets, while the restaurant at Sherway Gardens, will span 5,500 square feet. Both properties will be sleek and stylish with hints of whimsical tones and textures. The food and beverage offering at each restaurant will showcase the best quality ingredients, playful combinations and innovative concoctions. The culinary program for both locations will be spearheaded by Oliver & Bonacini's Corporate Executive Chef Anthony Walsh. Through these new stores, Saks Fifth Avenue will also introduce The Personal Shopping Experience to the Greater Toronto Area. This intimate shopping service operates from a Saks Fifth Avenue-branded Mercedes-Benz, accompanied by a personal shopper, and travels to a client's home or office. The Personal Shopping Experience arrives stocked with merchandise specifically selected for the client; its amenities include styling, beauty consultations and tailoring. Both Saks Fifth Avenue stores will feature breathtaking architectural details created by Saks Fifth Avenue Store Design and Planning in partnership with design firms FRCH Design Worldwide for the Eaton Centre at Queen Street location and Ted Moudis Associates for the Sherway Gardens location. The Eaton Centre at Queen Street store will reflect the grandeur and tradition of Saks Fifth Avenue's New York while the Sherway Gardens store will introduce a fresh, contemporary, open-format layout. Both locations will feature hand-crafted materials and furniture, hand-applied finishes and elements of surprise.

Saks Incorporated Announces Opening of Cerritos Store

Saks Fifth Avenue OFF 5TH is announced opening of its newest store at the newly renovated Plaza 183 in Cerritos, CA on October 15, 2015. The new 30,000 square foot store features a compelling assortment of more than 800 designer brands of fashion, footwear and accessories for men and women at incredible prices. The new Saks Fifth Avenue OFF 5TH will reside in Plaza 183 at 11113 183rd Street, Cerritos, CA 90703. Doors open at 10am on grand opening day. Store hours are Monday to Saturday: 10:00am to 9:00pm, Sunday: 11:00am to 8:00pm.

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