July 29, 2016 12:48 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. It operates 90 Off 5th stores; and 38 Saks Fifth Avenue stores. The company also sells its products online at saks.com or by catalog. The company was founded in 1919 and is headquartered in New York, New York. Saks Incor...

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: 51
Chief Executive Officer
Age: 77
Chief Financial Officer
President of Saks Fifth Avenue
Age: 42
President of Saks Direct
Age: 45
Compensation as of Fiscal Year 2016.

Saks Incorporated Key Developments

Saks Incorporated Reopens its Saks Off 5th Store

Saks Off 5th, the outlet store of the Saks Fifth Avenue, is reopening on April 21, 2016 in downtown Minneapolis, just across the street from a location it closed last year. The decision to close the Minneapolis store was made before Saks was acquired by Hudson's Bay Co. The 40,000-square-foot space will be divided into 24,000 square feet on the street level and 16,000 square feet on the skyway level. That is a bit larger than the 28,000-square-foot Saks Off 5th outpost that anchors Twin Cities Premium Outlets in Eagan. The downtown location will include the same selection of women's, men's and kids apparel and accessories as Eagan, but it will have a larger selection of shoes and handbags.

Saks Fifth Avenue OFF 5TH announces first store opening in Washington, DC market

Saks Fifth Avenue OFF 5TH announced that it plans to open a new store in the heart of Washington DC, at the historical Thurman Arnold Building, located at 555 12th St. NW. This new, 33,000 square foot store, scheduled to open in September 2016, marks Saks OFF 5TH's official entry into the DC market. It will be located at the corner of E Street NW and 11th Street NW in Washington DC. This store will offer a compelling mix of designer fashion, accessories and footwear for men and women, with in-season and on-trend offerings from more than 800 brands, from emerging labels to some of the most notable names in fashion. Also, with new arrivals delivered to the store almost daily, shoppers will find unexpected fashion discoveries, including one-of-a-kind designer finds, with each and every visit.

Saks Fifth Avenue OFF 5TH Announce Grand Opening of its Newest Store in Downtown Chicago

Saks Fifth Avenue OFF 5TH announced the grand opening of its newest store in downtown Chicago on April 14. Located at 6 S. State Street, in the heart of Chicagos Loop, the new multi-level Saks OFF 5TH store caters to the market with more than 800 designer brands for men and women, from contemporary designers to some of the most elite fashion labels in the industry, all at unmistakably low prices.

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