Saks Incorporated (NYSE: SKS)
Overview
Once one of the top US department store operators, Saks Incorporated has retrenched to focus 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 a dwindling number of Saks Fifth Avenue stores, while growing its off-price sister chain Off 5th. The divestment of its Northern Department Store Group and Parisienne businesses positioned the retailer squarely in 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 |
| 2011 Sales (mil.) | £1,756.7 |
| 1-Year Sales Growth | 5.9% |
| 2011 Net Income (mil.) | £30.2 |
| 2011 Employees | 12,900 |
| 1-Year Employee Growth | 4.0% |
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)
|
|---|---|
| President and Chief Merchandising Officer | Ronald L. (Ron) Frasch |
| EVP and Chief Information and Operations Officer | Michael (Mike) Rodgers |
Top Competitors from Hoover's UK
Top competitors of Saks Incorporated (NYSE: SKS)
There are 14 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
