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Saks Fifth Avenue (originally Saks & Company; colloquially Saks) is an American luxury department store chain founded by Andrew Saks and headquartered in New York City.The original Saks opened in the F Street shopping district of Washington, D.C. in 1867.
Saks was born to a German Jewish family, in Baltimore, Maryland, the son of Helena and William Saks (born 1810 or -11, Kingdom of Bavaria). [2] He worked as a peddler and paper boy before moving to Washington, D.C., where he established a men's clothing store [3] with his brother Isadore [4] in 1867.
Saks, Inc. was an American holding company founded in 1998 through the merger of Proffitts, Inc. and Saks Fifth Avenue. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of numerous regional department store chains including Carson's, McRae's, Parisian, and Proffitt's as well as the New York City-based Saks Fifth Avenue.
Stores opened after 1924 are Saks Fifth Avenue branches except 3 Saks-34th branches indicated as such; All stores are/were located in the United States unless otherwise indicated; If two store numbers are listed, the first is from the older numbering scheme, [2] the second is from the current scheme.
In 2013, Baker led the acquisition by Hudson Bay Company of Saks Fifth Avenue and Saks Off 5th [25] through the $2.9 billion purchase of its parent company, Saks Inc. [26] [27] In 2015, as HBC's chairman, Richard orchestrated the acquisition of Germany's largest department store chain, Galeria Kaufhof. [28]
In 1923, Gimbels purchased Saks, which became a subsidiary of Gimbel Brothers, Incorporated, a publicly traded company. Adam Long Gimbel, grandson of the founder of Gimbels, Adam Gimbel, turned Saks into a national brand. In 1973, Brown & Williamson, who later formed BATUS Inc., acquired Gimbel Bros. and the Saks Fifth Avenue brand. [7]
Sol Price, founder of Price Club (merged with Costco) [229] Julius Rosenwald, former president and part-owner of Sears; featured in the 2015 documentary film Rosenwald [230] [231] Andrew Saks (1847–1912), founder of luxury department store chain Saks Fifth Avenue [191] Rabinovitz/Rabb family, founders of the Stop & Shop supermarket chain [232]
Bergdorf Goodman Inc. is an American luxury department store based in New York City, founded in 1899 by Herman Bergdorf. As of 2024, it operates a women's store and a men's store across the street from each other on Fifth Avenue in Midtown Manhattan. Since 2024 it has been owned by Saks Global, the American division of the Hudson's Bay Company. [2]