Saks Incorporated · New York, NY United States ·(NYSE: SKS)
Company Description
Phone: 212-940-5305
Rankings
- #362 in FORTUNE 500
- S&P 400
View Saks Incorporated Locations On A US Map
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This link will open in a new window Once one of the top US department store operators, Saks Incorporated has retrenched to focus solely 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 about 100 Saks Fifth Avenue department stores and outlet stores under the Off 5th banner. The sales in 2006 of its Northern Department Store Group and Parisienne business moved the retailer into 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. To read the full description, subscribe now.
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Key Saks Incorporated Financials
| Company Type | Public - NYSE: SKS Headquarters |
| Fiscal Year-End | January |
| 2009 Sales (mil.) | $3,029.7 |
| 2009 Employees | 13,000 |
Saks Incorporated Executives
32 executives listed for Saks Incorporated's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO; CEO, Saks Fifth Avenue Enterprises | Stephen Sadove | Network |
| Vice Chairman | Ronald de Waal | Network |
| President and Chief Merchandising Officer | Ronald Frasch | Network |
Competition
Competitive Landscape for Saks Incorporated
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 Incorporated Competitors
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