Content about Saks Incorporated

November 4, 2013

Canada’s Hudson's Bay Co. said that it has completed its $2.4 billion acquisition of Saks Inc.

October 9, 2013

J.C. Penney Co. announced that departing Saks Inc. CEO and chairman Stephen Sadove has been elected to its board of directors.

September 18, 2013

Saks Inc. plans to open seven new Saks Fifth Avenue Off 5th stores in 2014: The Outlets at Bloomfield in Pearl, Miss.; Potomac Mills in Woodbridge, Va.; Palm Beach Outlets in West Palm Beach, Fla; Outlet Shoppes at Louisville/Lexington, Ky.; Twin Cities of Eagan in Minneapolis, Minn.; The Mayfair Collection in Mayfair, Wis.; and Easton Gateway in Columbus, Ohio.

September 5, 2013

Saks Inc. will open a new flagship store immediately adjacent to its existing location in the Houston Galleria, featuring 198,000 sq. ft. over two levels and a state-of-the-art store design.

August 19, 2013

Saks Inc. on Monday reported a worse than expected second-quarter loss amid disappointing sales of shoes and handbags.

July 29, 2013

Hudson’s Bay Company has reached a deal to buy Saks Inc., in a deal that is expected to bring the luxury department store company to Canada.

May 21, 2013

Saks Incorporated reported a roughly 5% increase in total sales between first quarter 2012 and first quarter 2013, although net income dropped during that same time period.

February 15, 2013

Saks Inc. announced that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

January 29, 2013

Saks Inc. announced Tuesday it will shutter its Saks Fifth Avenue store in the Dallas Galleria on June 15.

January 14, 2013

The National Retail Federation announced that Saks Inc. chairman and CEO Stephen I. Sadove has been elected chairman of the NRF board of directors and chairman of its executive committee.

November 13, 2012

Saks Inc. reported that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year.

November 7, 2012

Saks Inc.’s Saks Fifth Avenue Off 5th announced that it plans to open its doors in Livermore, Calif., on Nov. 8.

October 1, 2012

Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

September 17, 2012

Saks Inc. said it has launched AT&T Wi-Fi at all 44 retail locations nationwide.

September 6, 2012

Saks Inc. said that it will close its Highland Park, Ill., store, located in Renaissance Place, and its Austin, Texas, store, located in the Arboretum Market.

August 23, 2012

Saks’ top shareholder Carlos Slim sold 1.5 million of his shares in Saks Inc., remaining the retailer’s No. 1 shareholder but reducing his holdings to 25 million shares.

August 14, 2012

Saks Inc. reported Tuesday a loss of $12.3 million for the second quarter, widened from a loss of $8.4 million in the year-ago period.

June 13, 2012

Saks Fifth Avenue Off 5th announced that it plans to open a store in Merrimack, Mass., on June 14.

May 15, 2012

Saks Inc. reported that net income for the quarter ended April 28 rose 13.2% to $32.1 million, from $28.4 million last year.

May 14, 2012

Simon Property Group announced that Saks Fifth Avenue Off 5th will open a total of seven new stores in the next two years in its Premium Outlets division, including new centers and existing centers.

April 4, 2012

Saks Inc. announced hat Michael Burgess has been named president, Saks Direct, effective May 7.

April 2, 2012

Saks Inc. has selected Oracle's retail merchandising, planning and optimization applications and the Oracle e-business suite 12.1 to help integrate business operations and improve margins and profitability across all channels.

March 23, 2012

Saks Fifth Avenue Off 5th announced that it plans to reopen its Nashville, Tenn., store on March 29.

February 21, 2012

Saks Inc. fourth-quarter net income climbed 48% amid strong sales of handbags, fine jewelry and men's and women's apparel.

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