BNET Industries

Saks Inc.

(SKS) is in the Retail Industry

Market Cap:$576.0M
Last Fiscal Year Sales:$3.2B
  • Public
  • US
Dow Jones Description

Saks Incorporated currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 49 Saks Off 5th stores, and saks.com. The Company also operates Club Libby Lu specialty stores.

Chief Executive OfficerStephen I. Sadove
Number of Employees 10,660
Contact Information

12 East 49th Street

New York, New York 10017

www.saksincorpo...

212-940-5305

NAICS Code Department Stores (except Discount Department Stores): 452111

Recent Events

  • Saks: Browsing for a Retail Play

    6/24/09 - Financial Announcement - View Story

  • Department stores mull outlet idea

    6/23/09 - Planned Site Openings - View Story

  • 'Black Tie' Made of Blue Denim

    6/16/09 - Merger / Acquisition - View Story

  • Peter Schoenfeld's Victory over Saks Is Embraced by Shareholders and Analysts

    6/16/09 - Bond / Stock Rating - View Story

  • Saks Fifth Avenue Off 5th opening in Gilroy

    6/06/09 - Planned Site Openings - View Story

  • STOCKS NEWS US-U.S. earnings diary for Friday

    5/28/09 - Bond / Stock Rating - View Story

  • SmarTrendR News Watch: Analyst Downgrades 5/28: (AVY, BYI, CLMS, CAT, CSUN, DDS, ETN, ITW, PH,...

    5/28/09 - Bond / Stock Rating - View Story

  • Fitch Rates Saks Inc.'s New Convertible Notes 'B/RR3'; Outlook Negative

    5/22/09 - Product Announcement - View Story

  • Saks Fifth Ave Signs on to Westchester's Ridge Hill

    5/20/09 - Planned Site Openings - View Story

  • Taking Stock: Margin Pressure... Saks' New Strategy

    5/26/09 - Financial Announcement - View Story

  • VF Corp. shares trip on trimmed outlook

    4/29/09 - Bond / Stock Rating - View Story

  • Ahead of Macy's Q1 Results

    5/13/09 - Financial Announcement - View Story

  • J.P. Morgan Upgrades Saks Inc SKS to Overweight

    4/20/09 - Bond / Stock Rating - View Story

  • $6.4M Younkers lawsuit lingers for city

    4/09/09 - Lawsuit Filed - View Story

  • Saks SKS March Comps Down 23.6%

    4/09/09 - Financial Announcement - View Story

  • Saks Q4 Net Loss $98.8 Million

    3/03/09 - Financial Announcement - View Story

  • In hard times, Saks bets on posh menswear

    2/15/09 - New Investment - View Story

  • Saks announces actions for reduction in costs, capital spending and inventory receipt

    1/16/09 - Financial Announcement - View Story

  • Global Jobs In Focus

    1/12/09 - Bond / Stock Rating - View Story

  • Saks Opens Second Store In Saudi Arabia - Quick Facts

    1/11/09 - Site Opening - View Story

News & Analysis

saks inc. - All News and Analysis

  • Saks: Browsing for a Retail Play

    Seeking Alpha - 2009-06-24

    Todd Sullivan submits: I've been shopping around for more opportunities and this one caught my eye...The Basics:Saks, Inc. SKS is a leading retailer primarily offering high-end brand-name fashion apparel, shoes, accessories, and cosmetics. The company operates 53 Saks Fifth Avenue stores and 51 Off 5th units (off-price luxury goods)....

    Tags: Retail, Todd Sullivan, Saks Inc.

  • Peter Schoenfeld's Victory Over Saks Is Embraced by Shareholders and Analysts

    Seeking Alpha - 2009-06-16

    Todd Walker submits: Earlier this month, CEO Peter Schoenfeld of P. Schoenfeld Asset Management claimed a victory in his proxy battle with Saks Incorporated SKS. In an effort to bolster transparency and improve the department store’s corporate governance practices, the hedge fund successfully persuaded shareholders to endorse the New England...

    Tags: Retail, Todd Walker, Saks Inc.

  • JC Penney Most Optimistic About 4th Quarter

    Reuters - 2009-06-10

    By Aarthi SivaramanNEW YORK (Reuters) - J.C. Penney Co Inc JCP is more optimistic about its fourth quarter than the rest of its fiscal year, hoping new styles and affordable prices will help it win more sales than it did in the dismal 2008 holiday season.Speaking at the Reuters Global...

    Tags: Saks Inc., Brand, Retail Company, Retail, Sales, J.C. Penney Co. Inc., Ullman, xxMacys Inc.xx

  • Luxury Retailer Woes Continue

    Seeking Alpha - 2009-06-07

    RetailSails submits: In the past couple of days over 30 retailers have reported monthly sales data for May, and the results weren’t pretty. Sales were weaker than expected at 19 of 30 retailers tracked by Thomson Reuters, with a composite same-store sales decline of 4.8% vs. a consensus estimate...

    Tags: Retail, RetailSails, Nordstrom Inc., Saks Inc.

  • Tod's Knows What He's Buying in Saks

    Seeking Alpha - 2009-06-01

    Garland Pollard submits: From $40 in 1998 to $3.80 in 2009. That’s not good. Some see disappointment. But not everyone. The news recently was that the Italian luxury shoe maker Tod’s had purchased shares in Saks (NYSE: SKS). Apparently Diego Della Valle, Tod’s Chairman (called the Italian Ralph...

    Tags: Retail, Garland Pollard, Saks Inc.

Decision Makers

Name (plus bio) Position
Stephen I. Sadove Chief Executive Officer
Ronald L. Frasch President & Chief Merchandising Officer
Bill Franks CIO
Kevin G. Wills Executive Vice President and Chief Financial Officer
Charles G. Tharp Executive Vice President, HR
Charles Hansen Executive Vice President of Law, General Counsel
Doug DiPrima Executive Vice President, Mdsg, Parisian
Gail Pisano Executive Vice President, Mdsg
Gary Yiatchos Executive Vice President, Parisian & SDSG Marketing
Harris Mustafa Executive Vice President, Private Brand & Prod Development, Saks Dept Store Group
James Scully Executive Vice President, HR & Strategic Planning
Michael A Brizel Executive Vice President and General Counsel
Bob Ferguson Senior Vice President, Visual Mdsg
David W. Baker Senior Vice President, Operations
Fran U. Jose Senior Vice President, Marketing & Visual
Jack C. Miller Senior Vice President, Planning & Development
Jeffrey C Martin Senior Vice President
John J. White Senior Vice President, Profit Improvement & Special Projects
Julia A. Bentley Senior Vice President, Investor Relations & Secretary
Mike Rodgers Senior Vice President, Credit
Terron Schaefer Senior Vice President, Marketing
Thomas Matthews Group Senior Vice President, Asset Protection & Operations
Linn Tanzman Vice President, Communications
Robert Tonk Vice President, Store Planning & Construction
Tom Foster Vice President & General Manager, Mdse
Dan Maiden Art Director
Maggie Knight Creative Director
Mark Fedyk Senior Vice President & General Manager, Mdse, Cosmetics
Steve Villa Senior Vice President & General Mdsg Manager, Saks Dept Store Group
Terry J Flach Senior Vice President & General Manager

Board of Directors

Name (plus bio) Position
C. Warren Neel Board of Directors
Christopher J. Stadler Board of Directors
Donald E. Hess Board of Directors
Jerry W. Levin Board of Directors
Marguerite W. Sallee Kondracke Board of Directors
Michael S. Gross Board of Directors
Nora P. McAniff Board of Directors
Robert B. Carter Board of Directors
Ronald De Waal Vice Chairman
Stanton J. Bluestone Board of Directors
Organization Position Status
Saks Incorporated Chief Executive Officer Current
Hamilton College Trustee Current
Saks Incorporated Chairman Current
Colgate & Company Board of Directors Current
Equity Office Properties, Inc. Board Trustee Current
Colgate-Palmolive Company Board of Directors Current
Ruby Tuesday Inc. Board of Directors Current
Hamilton College Board of Directors Current
The Harvard Business School Club of New York, Inc Board of Directors Current
National Retail Federation Second Vice Chairman Current
Colgate & Company Chairman and Chief Executive Officer, Saks Incorporated Former
Clairol, Inc. President Former
Bristol-Myers Squibb Company President Former
Saks Incorporated Coo Former
Bristol-Myers Squibb Company Senior Vice President Former
National Retail Federation Board of Directors Former
Saks Incorporated Board Director Former
Saks Incorporated Vice Chairman Former
Harvard Business School Masters Degree Former
Hamilton College Bachelors Degree Former
Organization Position Status
Saks Incorporated President & Chief Merchandising Officer Current
Crocs, Inc. Vice Chairman Current
Crocs, Inc. Board of Directors Current
Bergdorf Goodman, Inc. Chief Executive Officer Former
Saks Fifth Avenue Vice Chairman & Chief Merchant Former
Bergdorf Goodman, Inc. Chairman Former
Organization Position Status
Saks Incorporated CIO Current
Organization Position Status
Saks Incorporated Executive Vice President and Chief Financial Officer Current
Saks Incorporated Chief Accounting Officer & Executive Vice President, Finance Former
Tennessee Valley Authority Vice President Former
Tennessee Valley Authority Controller Former
Organization Position Status
Saks Incorporated Executive Vice President, HR Current

Prior to his most recent appointment, Mr. Hansen held the post of Senior Vice President and Deputy General Counsel for Saks since 1998, and prior to that he served in various legal capacities with Carson Pirie Scott & Co. and its predecessors, including Vice President, General Counsel, and Secretary. Prior to joining Carson Pirie Scott, Mr. Hansen was an attorney with Baxter International, Inc. in Deerfield, Illinois, and Shearman & Sterling in New York City.

Organization Position Status
Saks Incorporated Executive Vice President of Law, General Counsel Current
Carson Pirie Scott & Co. Vice President, General Counsel Former
Baxter International Inc. Attorney Former
Boston College law degree Former
Organization Position Status
Saks Incorporated Executive Vice President, Mdsg, Parisian Current
Organization Position Status
Saks Incorporated Executive Vice President, Mdsg Current
Organization Position Status
Saks Incorporated Executive Vice President, Parisian & SDSG Marketing Current
Parisian, Inc. Senior Vice President, Marketing Former
Organization Position Status
Saks Incorporated Executive Vice President, Private Brand & Prod Development, Saks Dept Store Group Current
Fordham International Law Journal Articles Editor Former
Organization Position Status
Saks Incorporated Executive Vice President, HR & Strategic Planning Current
Organization Position Status
Saks Incorporated Executive Vice President and General Counsel Current
The Reader's Digest Association, Inc. Senior Vice President Former
The Reader's Digest Association, Inc. General Counsel Former
Cornell University Law School J.D. Former
Cornell University B.S. Former
Organization Position Status
Saks Incorporated Senior Vice President, Visual Mdsg Current
Organization Position Status
Saks Incorporated Senior Vice President, Operations Current
Organization Position Status
Saks Incorporated Senior Vice President, Marketing & Visual Current
Organization Position Status
Saks Incorporated Senior Vice President, Planning & Development Current

Jeffrey C. Martin, Esq., is Counsel to Goodwin Procter, a national law firm. He is also senior vice president of Saks, Inc. He is Chairman of the Board of the Parkinson's Action Network, an advisory board member of the Parkinson Alliance, and serves on the NIH's Parkinson's Disease Implementation Committee. In 1991 and 1992, Mr. Martin served as General Counsel of the U.S. Department of Education. He received his undergraduate degree with distinction from Indiana University and his law degree, with honors, from the University of Chicago Law School.

Organization Position Status
Saks Incorporated Senior Vice President Current
Town of Danville, Indiana Vice President Current
Parkinson's Action Network Chairman of the Board Current
Town of Danville, Indiana Board of Directors Current
Csag Board of Directors Current
The Parkinson Alliance Advisory Board Member Current
The University of Chicago Law School Law Degree, With Honors Former
Indiana University Undergraduate Degree Former
The University of Chicago Law School Degree Former
Organization Position Status
Saks Incorporated Senior Vice President, Profit Improvement & Special Projects Current
Organization Position Status
Saks Incorporated Senior Vice President, Investor Relations & Secretary Current
Organization Position Status
Saks Incorporated Senior Vice President, Credit Current
Parisian, Inc. Vice President, Credit Former
Organization Position Status
Saks Fifth Avenue Senior Vice President, Marketing Current
Saks Incorporated Senior Vice President, Marketing Current
Organization Position Status
Saks Fifth Avenue Group Senior Vice President, Asset Protection & Operations Current
Saks Incorporated Group Senior Vice President, Asset Protection & Operations Current
Organization Position Status
Saks Fifth Avenue Vice President, Communications & Publicity Current
Saks Incorporated Vice President, Communications Current
Organization Position Status
Saks Fifth Avenue Vice President, Store Planning & Construction Current
Saks Incorporated Vice President, Store Planning & Construction Current
Organization Position Status
Saks Incorporated Vice President & General Manager, Mdse Current
Organization Position Status
Saks Incorporated Art Director Current
Organization Position Status
Saks Incorporated Creative Director Current
Organization Position Status
Saks Incorporated Senior Vice President & General Manager, Mdse, Cosmetics Current
Organization Position Status
Saks Incorporated Senior Vice President & General Mdsg Manager, Saks Dept Store Group Current
Organization Position Status
Saks Incorporated Senior Vice President & General Manager Current
Organization Position Status
Saks Incorporated Board of Directors Current
Organization Position Status
Saks Incorporated Board of Directors Current
Organization Position Status
Saks Incorporated Board of Directors Current

Mr. Levin is Chairman and Chief Executive Officer of JW Levin Partners LLC, a firm that specializes in the rebuilding of branded consumer product and service companies. On September 26, 2006, Mr. Levin was appointed by the Sharper Image Board of Directors, which he has been a director of since July 6, 2006, to act as Chairman and interim Chief Executive Officer of the Company. Mr. Levin is a seasoned CEO with significant turnaround experience. He has been growing the sales and profits of branded consumer products companies for the past 30 years via internal product development programs, restructurings, acquisitions, and cultural improvements. Previously, Mr. Levin served as chairman and chief executive officer of American Household, Inc., formerly named Sunbeam. Prior to that, he served as chief executive officer of Revlon, Inc. and The Coleman Company, Inc. From 1974-1989, Mr. Levin worked for the Pillsbury Company in a number of executive management roles. In addition to serving on the Board of Sharper Image (NASDAQ: SHRP), Mr. Levin also serves on the Boards of Wendy's International, Inc. (NYSE: WEN), U.S. Bancorp (NYSE: USB) and Ecolab Inc. (NYSE: ECL) and chairs the Governance Committees of both U.S. Bancorp and Ecolab Inc.

Organization Position Status
Ionic Breeze Silent Air Purifiers Chairman and Interim CEO Current
JW Levin Partners LLC Chairman & CEO Current
U.S. Bancorp Fund Services, LLC Chairperson Current
Moneypass ATM Locator Chairperson Current
The Publicity Agency Chairperson Current
Wisbusiness Chairperson Current
REI Visa Board of Directors Current
U.S. Bancorp Board of Directors Current
Wendy's/Arby's Group, Inc. Board of Directors Current
Ecolab Inc. Board Director Current
Saks Incorporated Board of Directors Current
Clinton Group Vice Chairman Current
Sunbeam Products, Inc. Chief Executive Officer Former
Burger King Holdings, Inc. Chairman and Chief Executive Officer Former
The Coleman Company, Inc. Chairman and Chief Executive Officer Former
Revlon, Inc. CEO Former
Sharper Image Corporation Interim Chief Executive Officer Former
Pillsbury Chief Executive Former
Haagen-Dazs, Ltd. Chief Executive Former
Pillsbury Head of Corporate Development Former
Ecolab Inc. NA Former
Revlon, Inc. Chairman Former
MacAndrews & Forbes Holdings Inc. Chairman Former
Sharper Image Corporation Chairman Former
Sunbeam Products, Inc. Chairman Former
Sharper Image Corporation Director Former
U.S. Bancorp Board Director Former
University of Chicago MBA Former
University of Michigan B.S.E. Degrees In Electrical and Mathematics Former
Organization Position Status
America's Promise - The Alliance for Youth Chief Executive Officer Current
First Focus President, President & CEO, Apa Current
Bright Horizons Family Solutions LLC Chair of the Special Committee Former
Bright Horizons Family Solutions LLC Co-Founder Current
LifePoint Hospitals, Inc. Owner Current
Saks Incorporated Board of Directors Current
LifePoint Hospitals, Inc. Board of Directors Current
LifePoint Hospitals, Inc. Operator Former
Independent Sector Board of Directors Current
Visitors Board of Directors Current
First Focus Board of Directors Current
Bright Horizons Family Solutions LLC Chief Executive Officer Former
The Brown Schools Inc. Chief Executive Officer Former
Frontline Group Chief Executive Officer Former
America's Promise President & CEO Former
The Brown Schools Inc. President Former
Austin Peay State University Master's Degree Former
Organization Position Status
Fish'n Canada Chairman, Chief Executive Officer, Solar Capital, Llc Current
Solar Capital Ltd. Chairman & CEO Current
Jarden Corporation Chairman, Chief Executive Officer, Solar Capital, LLC Current
Apollo Investment Corp. President Current
Apollo Investment Corp. Founder Current
Apollo Investment Corp. Senior Partner Current
United Rentals, Inc. Lead Director Current
New Leaders for New Schools Project Manager, Effective Practice Incentive Fund, National Current
University of Michigan Business School Board of Directors Current
Saks Incorporated Board of Directors Current
Alternative Asset Management Acquisition Corp. Board of Directors Current
Educate, Inc. Director Current
United Rentals, Inc. Board of Directors Current
Youth Renewal Fund Board of Directors Current
Apollo Investment Corp. Board of Directors Current
Youth Renewal Fund Member Current
Solar Capital Ltd. Managing Member Current
Marathon Acquisition Corporation CEO Former
Apollo Management L.P. Senior Partner Former
Fish'n Canada Executive Compensation Committee Charter Former
New Leaders for New Schools English Teacher Former
Marathon Acquisition Corporation Chairman Former
Jarden Corporation Vice Chairman Former
Fish'n Canada Board of Directors Former
Kellogg School of Management at Northwestern University M.B.A. Former
University of Michigan B.B.A. In Accounting Former
University of Pennsylvania Former
Organization Position Status
Saks Incorporated Board of Directors Current
Organization Position Status
FedEx Corporation CIO & Executive Vice President, Information Services Current
Enterprise 2.0 Conference Executive Vice President Current
Saks Incorporated Board of Directors Current
University of South Florida Master’s degree Former
University of Florida Bachelor's degree, Computer and Information Science Former
Organization Position Status
Saks Incorporated Vice Chairman Current
Saks Incorporated Vice Chairman Current
Organization Position Status
Saks Incorporated Board of Directors Current

Executive News

  • P. Schoenfeld Asset Management Announces Preliminary Voting Results of Saks Incorporated's...

    Reuters - 6/18/09 - View Story

  • P. Schoenfeld Asset Management Announces Preliminary Voting Results of Saks Incorporated's Annual Meeting; Urges Saks' Board to Put Corporate Governance Improvement Proposals to a Binding Shareholder Vote

    PR Newswire - 6/18/09 - View Story

  • Cheap is chic this holiday season

    Reuters - 6/13/09 - View Story

  • ANALYSIS-Crisis gives high-end retail industry a makeover

    Forbes.com - 6/12/09 - View Story

  • Cutting back? So are the bigwigs

    Reuters - 6/12/09 - View Story

  • Crisis gives high-end retail industry a makeover

    Reuters - 6/12/09 - View Story

  • Reuters Summit-ANALYSIS-Price wars to heat up holiday scene

    Forbes.com - 6/12/09 - View Story

  • Price wars to heat up holiday scene

    Reuters - 6/12/09 - View Story

  • Lower prices, fewer dresses on racks this Christmas

    Reuters - 6/11/09 - View Story

  • ANALYSIS-Luxury groups set to hunker down as moderation rules

    Forbes.com - 6/11/09 - View Story

  • Saks sees 3-5 new outlet stores a year

    Reuters - 6/09/09 - View Story

  • Reuters Summit-Saks sees more OFF 5th stores

    Forbes.com - 6/09/09 - View Story

  • Saks sees more OFF 5th stores

    Reuters - 6/09/09 - View Story

  • UPDATE 2-Saks shareholders favor proposals on board

    Reuters - 6/03/09 - View Story

  • Saks shareholders favor proposals on board

    Reuters - 6/03/09 - View Story

  • UPDATE 1-Saks shareholders call for annual director election

    Reuters - 6/03/09 - View Story

  • Tod's Knows What He's Buying in Saks

    Seeking Alpha - 6/01/09 - View Story

  • Recession Turns Malls Into Ghost Towns

    The Wall Street Journal Interactive Edition - 5/27/09 - View Story

  • Taking Stock: Margin Pressure... Saks' New Strategy

    Footwear News - 5/26/09 - View Story

  • Saks Incorporated Announces Results for the First Quarter Ended

    Business Wire via MSN Money - 5/19/09 - View Story

advertisement
     SKS $26.30 +21.57 (456.03% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 4,689,060
Shares Outstanding 144.38M
Market Cap 3.8B
Year High 29.98
Year Low 1.5
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
IndustryTop Rated

Brought to you by Oracle

advertisement