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Home > Company Index > Retail > Department Stores > Saks Fifth Avenue

Saks Fifth Avenue
 NEWS FROM THE STANDARD
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Jan 03 2001 04:29 PM PST

Dot-Com Ad Crunch Doesn't Scare First-Timers
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Sep 04 2000 12:00 AM PDT

On the Avenue
Aug 21 2000 12:00 AM PDT

 PROFILE
Saks Fifth Avenue is Saks Incorporated's most stunning accessory. The Saks Fifth Avenue division runs about 60 Saks Fifth Avenue stores in more than 20 states. The stores are known for their luxury-priced selections, selling apparel, cosmetics, jewelry, and shoes from top designers. The division also runs smaller stores (Main Street and Resort) in chic vacation hot spots. Saks Fifth Avenue's flagship on New York City's Fifth Avenue, which opened in 1924, is the key marketing tool for the Saks name. Parent company Saks Incorporated has dropped previously announced plans to spin off Saks Fifth Avenue, lower-priced Saks Off 5th, and Saks Direct (a catalog and online unit) as a separate company.

 COMPETITION
Barneys New York, Inc. (dossier)
The Neiman Marcus Group, Inc. (NMG)
Nordstrom, Inc. (JWN)

 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 2,672.20
1-Yr. Sales Growth: 6.7%
Employees: 16,000
Revenue per employee: $167,012.50

 KEY PEOPLE
• Christina Johnson
    CEO
• Donald Watros
    CFO

 CONTACT INFO
12 E. 49th St.
New York, NY 10017
US
Phone: 212-940-4048
Fax: 212-940-4299
Online: Web Site

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