Saks, Inc.

Saks, Inc.

Formerly	Proffitts, Inc. (1919–1998)
Company type	Public
Traded as	PRFT (1987–1998) SKS (1998–2013)
Industry	Retail
Genre	Department stores
Founded	1919; 105 years ago (1919) in Maryville, Tennessee, U.S.
Defunct	November 4, 2013; 10 years ago (2013-11-04)
Fate	Acquired by Hudson's Bay Company
Successor	Hudson's Bay Company
Headquarters	New York City, New York, U.S. , US
Number of locations	46 full-line, 69 off-price (2013)
Area served	United States Bahrain Mexico Saudi Arabia United Arab Emirates (2013)
Key people	Stephen Sadove (chairman and CEO) Kevin Wills (CFO)
Revenue	US$ 3.147 billion (2013)
Operating income	US$ 138.49 million (2013)
Net income	US$ 62.88 million (2013)
Total assets	US$ 2.09 billion (2013)
Total equity	US$ 1.149 billion (2013)
Number of employees	12,900 (2011)
Subsidiaries	Saks Fifth Avenue Saks Fifth Avenue Off 5th
Website	Official website at the Wayback Machine (archived December 8, 2013)
Footnotes / references [1][2]

Saks, Inc. (originally Proffitt's, Inc.) was an American holding company founded in 1919. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of department store chains including New York City-based Saks Fifth Avenue (1998–2013) and Tennessee-based Proffitt's (1919–2005). It acquired several mid-range department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s.

HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores, Saks Off 5th off-price stores, and SaksWorks coworking space provider.