Saks, Inc.

Saks, Inc.

Formerly	Proffitts, Inc. (1919–1998)
Company type	Public
Traded as	PRFT (1987–1998) SKS (1998–2013)
Industry	Retail
Genre	Department stores
Founded	1998; 27 years ago (1998) in Birmingham, Alabama, U.S.
Defunct	November 4, 2013; 11 years ago (2013-11-04)
Fate	Acquired by Hudson's Bay Company
Successor	Hudson's Bay Company
Headquarters	New York City, New York, U.S. , US
Number of locations	46 full-line, 69 off-price (2013)
Area served	United States Bahrain Mexico Saudi Arabia United Arab Emirates (2013)
Key people	Stephen Sadove (chairman and CEO) Kevin Wills (CFO)
Revenue	US$ 3.147 billion (2013)
Operating income	US$ 138.49 million (2013)
Net income	US$ 62.88 million (2013)
Total assets	US$ 2.09 billion (2013)
Total equity	US$ 1.149 billion (2013)
Number of employees	12,900 (2011)
Subsidiaries	Saks Fifth Avenue Saks Fifth Avenue Off 5th
Website	Official website at the Wayback Machine (archived December 8, 2013)
Footnotes / references [1][2]

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. It acquired several mid-range and specialty department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s.

HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores, Saks Off 5th off-price stores, and SaksWorks coworking space provider.