Saks Incorporated (NYSE: SKS)
Overview
Once one of the top US department store operators, Saks Incorporated has retrenched to focus solely on its luxury Saks Fifth Avenue business. The company has dismantled an empire of some 375 middle-market department stores under 10 different banners (including Bergner's, Carson Pirie Scott, and Parisian) to stake its future on about 100 Saks Fifth Avenue department stores and outlet stores under the Off 5th banner. The sales in 2006 of its Northern Department Store Group and Parisienne business moved the retailer into the luxury market. Founded in 1919 as Profitt's, the firm bought renowned luxury retailer Saks Holdings (owner of Saks Fifth Avenue and Off 5th) and adopted the high-dollar Saks name.
Key Numbers from Hoover's UK
Key financials for Saks Incorporated (NYSE: SKS)
| Company Type | Public (NYSE: SKS) |
|---|---|
| Fiscal Year-End | January |
| 2009 Sales (mil.) | £2,083.3 |
| 1-Year Sales Growth | (7.7%) |
| 2009 Net Income (mil.) | (£106.5) |
| 2009 Employees | 13,000 |
| 1-Year Employee Growth | (22.2%) |
Key People from Hoover's UK
Key people and executives for Saks Incorporated (NYSE: SKS)
| Chairman and CEO; CEO, Saks Fifth Avenue Enterprises | Stephen I. (Steve) Sadove (Subscribers see complete biographies -- view sample)
Connect to this executive |
|---|---|
| President and Chief Merchandising Officer | Ronald L. (Ron) Frasch Connect to this executive |
| EVP Finance and CFO | Kevin G. Wills Connect to this executive |
Top Competitors from Hoover's UK
Top competitors of Saks Incorporated (NYSE: SKS)
There are 16 competitors for Saks; see more.Industry Information from Hoover's UK
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Hoover's Industries
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Retail
- Department Stores(primary)
Subsidiaries/Affiliates Covered By Hoover's UK
Subsidiaries/affiliates of Saks Incorporated (NYSE: SKS)
Rankings from Hoover's UK
See how Saks Incorporated (NYSE: SKS) ranks in standard industry listings such as Fortune 500, S&P 500, and Dow Jones
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