| Business Summary | | Saks,
Inc.
and
its
subsidiaries
operate
the
Saks
Department
Store
Group
(DSG)
with
243
stores
in
24
states
under
the
following
nameplates:
Parisian
(40
specialty
department
stores),
Proffitt's
(26
traditional
department
stores),
McRae's
(29
traditional
department
stores),
Younkers
(50
traditional
department
stores),
Herberger's
(40
traditional
department
stores),
Carson
Pirie
Scott
(28
traditional
department
stores
and
five
free-standing
furniture
stores),
Bergner's
(14
traditional
department
stores),
and
Boston
Store
(11
traditional
department
stores).
DSG
stores
are
principally
anchor
stores
located
in
regional
or
community
malls,
which
typically
offer
a
broad
selection
of
upper-moderate
to
better
fashion
apparel,
shoes,
accessories,
jewelry,
cosmetics,
and
decorative
home
furnishings,
as
well
as
furniture
in
selected
locations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SKS
operates
department
stores
offering
moderate
to
better
brand
name
fashion
apparel,
shoes,
accessories,
jewelry,
cosmetics,
home
furnishings
and
furniture.
SKS
also
operates
a
direct
mail
business.
For
the
26
weeks
ended
8/4/01,
net
sales
fell
5%
to
$2.74
billion.
Net
loss
before
extraordinary
item
totaled
$46.3
million
vs.
an
income
of
$28.1
million.
Results
reflect
a
decline
in
comparable
store
sales,
reduced
profit
margins,
and
higher
asset
impairment
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| R. Brad Martin, 49 Chairman
of Directors and CEO | $2.6M | James Coggin, 59 Pres
and CAO | 1.3M | Ronald De Waal, 49 Vice
Chairman | -- | George Jones, 50 Director,Pres
and CEO of Saks Department Stores Group | -- | Donald Wright, 43 Exec.
VP-Fin., CAO | 687K | Dollar amounts are as of 3-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|