Saks Incorporated History & Historical Profile

Historical Record

July 2023 Summary : Saks Fifth Avenue is the premier destination for luxury fashion, driven by a mission to help customers express themselves through relevant and inspiring style. Since 1924, it has delivered one-of-a-kind shopping experiences, featuring an expertly curated assortment of fashion and highly personalized customer service. Saks Fifth Avenue’s unique approach combines an emphasis on the digital customer experience with a strong connection to a network of 41 extraordinary stores across North America for seamless, all-channel shopping.

February 2019 Summary: Saks Fifth Avenue today is renowned for its superlative selling services and merchandise offerings. The best of European and American designers for men and women are sold throughout its 39 stores servicing customers in 22 states.

November 2015 Summary: HBC is a leading North American retailer offering a wide selection of branded merchandise in Canada and the United States. HBC operates three of the world's most iconic retail banners: Saks Fifth Avenue and Lord & Taylor in the United States, and Hudson's Bay in Canada. We also operate Home Outfitters, a kitchen, bed and bath superstore with locations across Canada, and four e-commerce sites: thebay.com, lordandtaylor.com, saks.com and saksoff5th.com.

October 2013 Summary: Saks Incorporated is a department store retailer. The Company, and its subsidiaries, is engaged in the operation of Saks Fifth Avenue (SFA) stores and SFA e-commerce operations (Saks Direct), as well as Saks Fifth Avenue OFF 5TH (OFF 5TH). The Company is an omni-channel luxury retailer offering an assortment of fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. SFA stores are principally free-standing stores in exclusive shopping destinations or anchor stores in upscale regional malls. Customers may also purchase SFA products online at saks.com or by catalog. OFF 5TH stores are primarily located in upscale mixed-use and off-price centers and offer luxury apparel, shoes, and accessories. As of January 28, 2012, the Company operated 46 SFA stores with a total of approximately 5.5 million square feet and 60 OFF 5TH stores with a total of approximately 1.7 million square feet. During 2011, it closed one SFA store and two OFF 5TH stores.