Saks Fifth Avenue

This article is about the department store chain. For the related chain of off-price stores, see Saks Off 5th. For its former parent company, see Saks, Inc.

Saks Fifth Avenue
Company typeSubsidiary
IndustryRetail
Founded1867 (157 years ago) (1867)
FounderAndrew Saks
Headquarters
New York City, New York
,
United States
Number of locations
  • 42
Areas served
Key people
Marc Metrick (president, 2015)
Parent
Websitesaksfifthavenue.com
Footnotes / references
[1][2][3][4]

Saks Fifth Avenue (originally Saks & Company; colloquially Saks) is an American luxury department store chain founded by Andrew Saks and headquartered in New York City. The original Saks opened in the F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Hudson's Bay Company in 2013.[5][6]

As of March 2021, Saks Fifth Avenue's brick-and-mortar stores and e-commerce platform operate as separate companies, distinguished as SFA and Saks, respectively, with an exclusive partnership.[7] Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price retailer in its own right.[8][9]

  1. ^ President of Saks Steps Down. The New York Times. Retrieved on April 3, 2015.
  2. ^ Patino, Alexander (October 16, 2014). "Saks Fifth Avenue Opens Its 40th Store in Sarasota, FL". Saks POV. Archived from the original on November 17, 2015. Retrieved December 20, 2019.
  3. ^ "International Store Locations". Archived from the original on September 5, 2015. Retrieved December 20, 2019.
  4. ^ Kapner, Suzanne (October 25, 2015). "Lord & Taylor Jumps Into Discount Game". The Wall Street Journal. Retrieved December 20, 2019.
  5. ^ "Store Locations and Events". Saks Inc. Archived from the original on May 21, 2014. Retrieved May 21, 2014.
  6. ^ "About Us". Saks Fifth Avenue. Retrieved May 21, 2014.
  7. ^ Moin, David (March 5, 2021). "Saks Fifth Avenue Stores and Website Split into Separate Companies". www.wwd.com.
  8. ^ Howland, Daphne (February 11, 2020). "Nordstrom Rack vet to lead Saks Off 5th". Retail Dive. Saks opened Off 5th in 1990 as a merchandise clearinghouse, but has also expanded since then…HBC's three distinct retail businesses,
  9. ^ Wilson, Marianne (February 22, 2019). "Up to 20 Saks Off 5th stores to close". Chain Store Age.