Saks Fifth Avenue

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Saks Fifth Avenue

<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;">Image:Sakslogo.gif</td></tr>

Type Department store
Founded 1898 New York City, New York, USA
Headquarters New York City, New York, USA

<tr><th style="text-align:right; padding-right:0.75em;">Industry</th><td>Retail</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Products</th><td>Clothing, footwear, handbags, bedding, furniture, jewelry, beauty products, and housewares.</td></tr><tr><th style="text-align:right; padding-right:0.75em;">Website</th><td>http://www.saksfifthavenue.com/</td></tr>

Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes on a price level on par with Neiman Marcus, Bergdorf Goodman, and Barneys New York, and above Bloomingdale's and Nordstrom. Saks Fifth Avenue is headquartered in New York City.

Saks Fifth Avenue Enterprises (SFAE) consists of 54 Saks Fifth Avenue stores, 50 Saks Off 5th stores, and saks.com.

Contents

[edit] History

Image:SaksFifthAvenue.JPG
The flagship of the Saks Fifth Avenue chain, New York City

Saks Fifth Avenue is the successor of a business founded in 1867 and incorporated in New York in 1902 as Saks & Company. In 1923 Saks & Co. merged with Gimbel's converting the stores into the Saks nameplate. In 1924, Horace Saks and Bernard Gimbel opened Saks Fifth Avenue in New York City.

When Adam Gimbel became President of Saks Fifth Avenue in 1926, the company took on national aspirations. The very first branch store opened in 1926 in the city of Palm Beach, Florida as a resort store, followed by a Southampton resort store in 1928. The first full-line year-round Saks store was opened in Chicago in 1929, followed by another resort store in Miami Beach, Florida. In 1938 Saks expanded to the West Coast, opening in Beverly Hills. By the end of the 1930s Saks Fifth Avenue had a total of 10 stores, including resort locations such as Sun Valley, Mount Stowe and Newport. More full-line stores followed with Detroit in 1940, Pittsburgh in 1949. The company moved to its own freestanding location approximately one block from its former home in the Gimbel's flagship. The San Francisco location opened in 1952. More expansion followed in the 1960s.

[edit] Trivia and Pop Culture

Image:Saks Fifth Avenue at Town Center at Boca Raton.JPG
The exterior of a typical Saks Fifth Avenue department store at Town Center at Boca Raton located in Boca Raton, Florida.
  • In the film Clueless, Saks was mentioned as one of Cher and Dion's favorite department stores.
  • In the 2005 film adaptation of Steve Martin's novella, Shopgirl, Claire Danes plays Mirabelle Buttersfield, an aspiring artist and sales associate at the infrequently visited gloves counter of the Beverly Hills Saks Fifth Avenue. Interestingly this was changed for the film, in the novella Mirabelle works for Neiman Marcus.

[edit] Locations

[edit] External links

Saks Fifth Avenue

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