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Saks Fifth Avenue
Multinational department store chain founded in the United States / From Wikipedia, the free encyclopedia
Saks Fifth Avenue (originally Saks & Company; colloquially Saks) is an American luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store 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 (HBC) in 2013.[5][6]
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![]() Flagship store in Midtown Manhattan (2019) | |
Company type | Subsidiary |
---|---|
Industry | Retail |
Founded | 1867 (157 years ago) (1867) |
Founder | Andrew Saks |
Headquarters | , United States |
Number of locations |
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Areas served | |
Key people | Marc Metrick (president, 2015) |
Parent |
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Website | saksfifthavenue |
Footnotes / references [1][2][3][4] |
As of March 2021[update], 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]