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Saks Fifth Avenue

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Saks Fifth Avenue is a chain of upscale department stores that is a 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 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.

History

The exterior of a typical Saks Fifth Avenue department store at Town Center at Boca Raton located in Boca Raton, Florida.
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The exterior of a typical Saks Fifth Avenue department store at Town Center at Boca Raton located in Boca Raton, Florida.

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 1924 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 the city of Palm Beach, Florida as a resort store, followed by a Southhampton resort store in 1928. The first full-line year-round Saks store was opened in Chicago, Illinois 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.

Trivia and Pop Culture

Locations in the United States

  • Washington D.C. - Mazza Gallerie Men's (on Wisconsin Avenue) - 22,000 sq ft. (opened 2000)

The Saks Fifth Avenue at Phipps Plaza in Atlanta, Georgia.
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The Saks Fifth Avenue at Phipps Plaza in Atlanta, Georgia.

  • Chicago - Chicago Place on Michigan Avenue - 160,000 sq ft. (opened 1990, replacement)
  • Chicago - Michigan Avenue Men's (freestanding) - 30,000 sq ft. (opened 1999)
  • Chicago MSA/Highland Park - Renaissance Place - 50,000 sq ft. (opened 2000)

  • Indianapolis - The Fashion Mall at Keystone - 120,000 sq ft. (opened 2003)

  • New Orleans - The Shops at Canal Place - 108,000 sq ft. (opened 1983; currently not in operation in the wake of citywide damage from Hurricane Katrina)

  • Boston - The Shops at Prudential Center - 110,000 sq ft

This replaced a store in St. Louis, Missouri that had been open since the 1950s.

  • Cincinnati - Fifth Street (freestanding) - 76,000 sq ft. (opened 1984)
  • Cleveland MSA/Beachwood - Beachwood Place - 117,000 sq ft. (opened 1978)
  • Columbus - Polaris Fashion Place - 100,000 sq ft. (opened 2001)

  • Tulsa - Utica Square - 62,000 sq ft. (opened 1986)

  • Charleston - Majestic Square (freestanding) - 30,000 sq ft. (opened 1996)

International locations

Saudi Arabia

United Arab Emirates

Former locations

External links

 


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