Saks Fifth Avenue, Inc. · New York, NY United States
Company Description
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This link will open in a new window Saks Fifth Avenue is Saks Incorporated 's most stunning accessory. Saks Fifth Avenue (SFA) runs about 50-plus tony Saks Fifth Avenue stores and some 50 Off 5th "luxury off-price" stores in 25 states and abroad. The retailer is near the top of the line in fashion, selling apparel, cosmetics, jewelry, and shoes from top designers such as Burberry , Chanel , and Prada , as well as Saks' own private label merchandise. Once primarily an East Coast retailer targeting well-to-do women between the ages of 35 and 55, SFA is making changes to attract younger affluent shoppers. (About 80% of its customers are women.) The retailer also operates a catalog and an online store and runs smaller shops in chic vacation hot spots. To read the full description, subscribe now.
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Key Saks Fifth Avenue, Inc. Financials
| Company Type | Business Segment Headquarters |
| Fiscal Year-End | January |
| 2007 Employees | 15,000 |
Saks Fifth Avenue, Inc. Executives
22 executives listed for Saks Fifth Avenue, Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Stephen Sadove | Network |
| President and Chief Merchandising Officer | Ronald Frasch | Network |
| EVP and CFO | Kevin Wills | Network |
Competition
Competitive Landscape for Saks Fifth Avenue, Inc.
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports are a major competitive factor, totaling more than $26 billion a year, and many US manufacturers have factories overseas, where labor and production costs are lower than in the US. Foreign competition and production overcapacity have combined to keep prices low. Additionally, despite automation, the made-to-order nature of much of the business means that the industry is fairly labor-intensive: average annual revenue per worker is around $250,000. To read the full description, subscribe now.Top Saks Fifth Avenue, Inc. Competitors
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