Saks Inc. Company Description
Once one of the top US department store operators, Saks Incorporated has retrenched to focus on its luxury Saks Fifth Avenue Enterprises (SFAE) business. Following the sale of its 38-store Alabama-based Parisian chain to Belk and its 142-store Northern Department Store Group (Bergner's, Boston Store, Carson Pirie Scott, Herberger's, and Younkers) to The Bon-Ton Stores, both in 2006, Saks operates some 55 Saks Fifth Avenue high-end department stores in 25 states, about 50 outlet stores under the Off 5th banner, and Club Libby Lu specialty shops (acquired 2003). The company bought renowned luxury retailer Saks Holdings (owner of Saks Fifth Avenue) and adopted the high-dollar Saks name in 1998.
View the Comprehensive Company Description for Saks Inc.
The Company Description provides a historical perspective of Saks Inc.'s organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Saks Inc.'s evolution in the marketplace.
