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Saks Fifth Avenue

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Saks Fifth Avenue

Company Information as of March 2012:
Flagship Store: Saks Fifth Avenue 611 Fifth Avenue (between 49th and 50th Streets)
Date of Flagship Opening: September 15, 1924
Founders: Horace Saks and Bernard Gimbel
Parent Company: Saks Incorporated
Stock Exchange Symbol: SKS (NYSE)
Stores: 46 stores throughout 22 States: Alabama, Arizona, California, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Texas, Virginia
Total Employment: 15,000 (approximate)

Saks Fifth Avenue was the brainchild of Horace Saks and Bernard Gimbel, who operated independent retail stores on New York's 34th Street at Herald Square in the early 1900s. Their dream was to construct a unique specialty store that would become synonymous with fashionable, gracious living. The combined financial input of these great merchant families led to the purchase of a site between 49th and 50th Streets on upper Fifth Avenue, then jointly occupied by the Democratic Club and the Buckingham Hotel. With the opening of its founders' "dream store" on September 15, 1924, Saks Fifth Avenue became the first large retail operation to locate in what was then primarily a residential district. By offering the finest quality men's and women's fashions, as well as an extraordinary program of customer services, Saks Fifth Avenue has become the byword for taste and elegance.

The merging of the Saks and Gimbel families resulted in more than just the construction of Saks Fifth Avenue. 30-year-old Adam Gimbel (Bernard's cousin) became Horace Saks' assistant. With the sudden death of Horace Saks in 1926, Adam Gimbel became President of Saks Fifth Avenue, bringing with him the imaginative foresight that has carried Saks to the zenith of its success. Adam Gimbel also established a Saks empire, with branch stores reaching from coast to coast. When he retired in 1969, he was a legend in his own time.

In the summer of 2000, Saks Fifth Avenue launched saks.com, offering an enhanced, personalized, online shopping experience. You may shop at saks.com in many ways: by a distinct look, a specific designer or an individual item. saks.com is committed to providing the same legendary service and style found in all Saks Fifth Avenue stores.

Saks Fifth Avenue today is renowned for its superlative selling services and merchandise offerings. The best of European and American designers for men and women are sold throughout its 46 stores servicing customers in 22 states.

http://www.saksfifthavenue.com

https://www.saksincorporated.com/

 

 

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